Here are some lessons learned during my first SFH BRRR in Dallas-Fort Worth.The Deal: Purchase Price: $102,000ARV: $150,000 Rehab: $20,000Total Cash out of Pocket: ~$25,700Estimated Cash on Cash Return: ~16%PTIT Cash Flow: $500Monthly Cash Flow: $339(Vacancy 5%, Repairs 6%) Lessons Learned: It's all about the deal- I put in so much work to "prepare" myself for the purchasing of the property.

I stated exactly what I put in the post: I told him I am a REAL buyer and that if I signed a contract I would close.

True professionals have valuable information, and are most likely charging for it.If you find someone who is where you want to be, put in the work to study them, watch what they do, listen to what they say, pay for information they have.The first step to success is to train your brain to seek information then take action,  not to wait for it to come to you.

For example, tile was put in the bathroom around the tub, but the tub was not replaced...

I'm easily distracted so I make a more conscious effort to really focus; and boy, I've really been focusing on real estate in my spare time when I'm not building apps.Story time: I moved to NY six months ago from San Francisco, and I'm currently renting in Bedford-Stuyvesant.

Assuming it does check out you're going to most likely need an agent to help you put in an offer.

Hood and downtown, plus a 600 square feet budget finished basement with full bath - basement not currently legal living space.Located in SW Portland on Marquam Hill between Barbur and Terwilliger, just 1 mile south of downtown, walking distance to OHSU and 1 block to the bus line.It was built on 1908, and is a unique old PDX situation in that there is no street running in front of the house (the original street was vacated when Barbur Blvd was put in).

Just trying to find the right ducks to put in a row...

I just put in a call to my stellar lender contact about this and he's going to do a bit of research and get back to me.

I have a different rental with bathrooms on all bedroom levels and I get much more per bedroom in rent for it.These bathrooms where put in when indoor plumbing was considered a technological innovation, so they might have under estimated how often and how long people spend in them.