We are looking to purchase our first property this year, specifically a SF/MTF buy & hold in the Cedar Rapids or Iowa City area. 

Check the rules in Honolulu, where there are specific guidelines.

I’m in a pretty small market so a lot of the area specific stuff doesn’t apply to me but what I do know about I’m more than happy to share.

Painting - this can be very expensive and depends a lot on the specific interior.

I'm specifically looking for turnkey starter family homes with at least 3 bedrooms and 1/2 baths – the kind of place I'd happily rent out if I were starting a family there.

On the SFR stuff you can line those up very easy and I am sure the  Sub to boys can and will now figure this out to further feather their income nest with the clients  instead of a fee you will now also figure out how to take a long term participation in the deal and you could do that with a second behind the sub to loan that your clients are taking on be super simple.. just talk to an attorney and have them craft one specifically for you..

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

I'm not sure what your specific numbers look like, but if your gain is within those bounds, taxes should be minimal.2.

@Porsha Thompson dive into learning more about the area your property is located in, specifically average rents, average Days On Market (DOM), etc. 

Are there specific markets or property types that you've found to be more conducive to the BRRRR method?