I’m in Melbourne FL (1 hour east of Orlando) and the market is slow without much interest. 

@Chris SeveneyI agree the sponsor is the most important factor, but passive investors can not ignore what they are trying to accomplish, and have a deep understanding of the business.The trinity!

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Now, our tenant’s rental insurance company is refusing to pay for the moving expenses and temporary housing stating that the claim was due to a slow leak and they stated they don’t cover claims resulting from slow leaks.

Quote from @Adriana Collado Hudak: Hi Jason - I did a deep dive into turnkeys and MidSouth Home Buyers checked off all the right boxes.

Windows should operate properlyIf other appliances don't work well, if there are slow drains, if you have leaks, faulty outlets, etc - this is what you will keep running back to the house to fix.If you have lived there for some time, take a piece of paper and write down some of the things that really bothered you while living there.

Seasoned investors have a deep understanding of the market.

I’m nearing the completion of my Tennessee Real Estate License, and I’m eager to connect with like-minded individuals in the real estate space, specifically in the Nashville and Franklin areas.I bring over 8 years of experience in renovations and custom home building, which has given me a deep understanding of the construction side of real estate.

Is it unlikely to buy at a deep enough discount to make BRRR and PM work?

The conversion rate on direct mail is slow but when you are in a demanding market it's slower and the cash cycle could take over a year.