@Brian Garrett This method would work better on absentee owners or investors who are at the end of their rope with out of state land lording.

I'm a Los Angeles native looking to invest in out of state income properties, and hopefully, build a portfolio of properties through the BRRRR method.

@Clarence Powell Start with a specific plan for your businessIdentify your farm areaGet a contract ready so that you're prepared to make offers on properties as soon as you find themStart MarketingPut together a buyers listRemain patient, methodical and consistent, it can take months to get your first deal, keep at it and you'll increase your chance of success

Is that a concern? 

@Peter Callahan One of my concerns about recommending others is that if things don't go as expected, the blame falls on me for having made the recommendation.When a client needs a tradesman to do repairs, I tell them that I've had good luck with Home Advisor (which I have).  

You still can but just keep in mind it's easier if you wait for a recession.I'm a big fan of both methods you mentioned.

I know BP has their own calculator and methods but what we do is just build in a 15% of gross rent multiplier that encompasses capEx, vacancy, deferred maintenance, etc.

But my concern would be people trying to find an angle to sneak pets into a rental.

I'm concerned that it might be tree roots growing into the pipe.

Would be nice to Converse about your method whether it’s buying hold or if it is more of a weekly trade or daily trade process.