I'm utilizing hotpads (via Zillow so I can run a background check).

I plan to utilize an FHA loan, the BRRR strategy, multi family properties to build my wealth. 

I thought it would be appropriate to post in the rehabbing thread as that has been my main specialty for all these years, although I have utilized many other investment strategies and will continue to do so.So with that, if you have any specific questions on rehabbing, sourcing deals, numbers on deals, how to get over a hump, or whatever rehabbing question, do ask, hopefully I can answer it for you here.Happy investing to all!

STRs come with added expenses that LTRs do not such as all of your utilities, platform fees, etc. 

In this case, you leverage the property you are in so you still have money left over.The other option is utilize the cash to do the BRRRR strategy in order create more cash flow and have the mortgages covered so it doesn't effect your debt to income ratio for when you get your personal residence.That's the joys of real estate, you have options.

I think most out of state investors would agree that it's essential to utilize other people's time and expertise, as opposed to flying out to every potential deal.

I have a home with 8 bedrooms that I have >$5,000 a month in revenue come in from, after all costs including PITI, Management, funding maintenance, and utilities I pocket $2k a month, each of these two homes will perform just as well I can easily meet the note and set aside cash so a 3 year refinance absolutely works.Thanks for guidance!

Finally, I assume you will not be taking a mortgage out for the property and this is a single family home, so all utilities, etc will be billed to the renter?

However, in a recent NAIOP article, real estate professionals are facing challenges figuring out how to actually utilize data.2.

At this point, we have 15 rental properties, do Airbnb in our home, have a small business and don't utilize any outside financial help.