Depending on your buy box and location, right now is a hard time to find deals with current interest rates (at least in my area), but if you run the numbers regularly, you'll be ready when the right opportunity comes up. 

Look at cap rate and look at comps in the area.

In my mind, it is simply a hurdle rate.

Since we are out of state, we need someone to observe the minor renovation progress.What would be the average daily rate for hiring a renovation project manager to check on the progress and ensure that contractors are doing their job properly?

My parents live in Prescott, Arizona and it seems to be an area that has continued to boom, has low vacancy rates, and a bit of a shortage of rentals.

It is a very light cosmetic rehab, Just enough to get better rent rate.

My First BRRR Deal in Milwaukee Purchase price: $95,000 Cash invested: $33,785This property was acquired by a hard money loan with an interest rate of 12.99 percent.

As far as advertising with BP or any other place, I think that as long as you are open and honest with people about your experience the customer will make the decision to select you or not.

I suggest selling this deal and 1031 exchanging into a larger deal, it would be a lot easier to finance, and you would get better rates on it.

The calendars for our properties are filling up decently, but it is taking daily work on rates to get that done.