This wasn’t a failure (if it is a failure) because of purchasing at the top; the economy crashed; pandemic closing everything down; or a massive failure of the financial system.  

Transparency is also key, along with a solid follow-up system that can make all the difference.

just typed a whole long post to have the internet fail and lose it!]

They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!

There are also some challenges here as well to navigate but with the right systems and processes, section 8 rentals could be a nice avenue for you to explore.

As a first time out of state investor, I would not do a BRRRR to start until you build your contacts and systems there. 

For SFH, I find it makes more sense if it's a location where Starlink is also best internet option. 

Do you have a full tenant screening system yet?

Utilities altogether is about $250 a month, internet is $90 a month for the 1T fiber (we want fast internet for 6 people), 5% vacancy, Lawn care $120 a month, Pest control $30 a month, and we do bi-weekly cleaning of the common area at $200 a month.

The hardship in my case stemmed from the fact the parcel size required a storm water management system that would cost the same to implement if I built 7 homes or 30.