You have the right things to analyze here, but STR might be a tall order to do arbitrage unless you have the funds to go heavy on the furnishings.

For example I use the same set of criteria for everyone and accept the first qualified applicant who completes the entire application process. 

Unfortunately, North Jersey is probably one of the hardest BRRRR markets in the country right now because of extremely low inventory, high demand, and pushed up prices because single-family home buyers are buying the properties that we all used to buy to fix up because they are desperate.You can BRRRR, carefully, into many parts of Pennsylvania though but remember that interest rates right now make it very hard to BRRRR.

Hi All,New to the forum and wanted to offer my services.

Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

I’ve looked through the forums and but several of the listed banks previously suggested no longer offer them.

You have to build a foundation of trust through your past clients, your social media presence, and your honesty and ability to educate.The problem with the agents who are here with you guys on BP is that there is nothing to say they are really investor-friendly agents.

You mention using the funds as a down-payment on a property. 

Wanted the 60 acres across the street and couldn't get it so bought this house on 3 acres instead.

Setting MTR leases to end in May or early June gives you time to prep for the summer season.