Breaking down the entire process from start to finish, with numerical figures, was a great written example of how BRRR works.

There isn’t even an application process.

Looking into the application process of becoming a HUD local listing agent.

I’m not finding any deals I like right now, so I’m paying off some debt (even some low interest debt) and refinancing numerous properties.

I have a Covid application package that makes tenants prove-up their hardship, else there could be false "claimants."  

@Maimouna Sow you can always charge the potential tenants for an application fee this way you cover any potential expenses you might have.

This is attached to the first page of the application and the applicant (all over 18yrs must apply) must sign it. 

Aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications -- pulled reports from TransUnion, which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool), automated maintenance tracking is key (and having everything in one spot makes a world of difference when it comes time to have a contractor come in and make a repair).

As properties get aged we do sometimes offer specials for applicants who are highly qualified, but only on certain properties and for specific reasons (aged unit, overpriced, lots of competition/for rent in the area, multifamily with a few of the same size for rent in the complex).

You would need to apply that same methodolgy to a recent duplex comp to get a usable multiplier that is applicable today.