Striking that balance between strategic and action-oriented behavior is a challenge.To the more strategic end, are there any comprehensive checklists for getting a complete REI operation rolling, particularly using the BRRRR strategy? 

If this property is purchased, there must be a robust plan to bring the property’s characteristics in range of the overall market (reposition/stabilize).

@Shafi Noss typically what you see in 5-7 year syndication models is investors are typically doubling their principle in that time frame if they are dealing with experienced operators who understand strategic ways on how to force the appreciation.

Get a taste for it, gain some experience, and then build a more robust plan later when you have a clue.4.

I started out using Buildium and it was great until I got to around 150 units and needed something more robust.

I believe it was Strategic positioning!

-also from a previous post, a pretty nice townhouse or patiohome, no more than 2500sqt.....unless its a prerryhome(=-x) low-qual......Usually 3 floors, absolutley zero-lotline & yard space....But some of them have Roof-Top Decks, a pretty damn good pieace of living if I must say so.....In Birmingham, Alabama: eh, pretty robust metropolitan city.....they are currently building lofts and condos downtown, from $130k+...bring some good demand in the area.....In the nice suburban areas, houses range from $250,000-million+.....so...I would say 250k would probably get you somewhere around mid 2000's to 3000 sqft. of good midrange quality materials to some highends.The advantage is that lots are usually huge, with good robust acerages chilling in the .3-.7 area.also...the taxes are generally low as hell...Thier tax system calculated by bulk of mills is somewhat inconsistent sometimes, jumping up and down in different areas....but usually ive seen taxes really low.

We lowered them strategically to gain some positive reviews. 

These 3 bed, 2 bath homes tend to be robust during recessions, but also attract quality tenants.How did you find this deal and how did you negotiate it?

Being more strategic on repairs.