For instance, with a conservative estimate of 1 month of vacancy per year and 1% of the property value in annual maintenance costs, you could be looking at an additional $2,000+ in costs annually, not to mention the effort and time involved in managing these issues from afar.With all that said, real estate is worth the effort but not all deals are created equal.

Worth looking into if it would be worth more as split lots sold individually.

I suggest doing a market analysis based on what the property WOULD BE worth when the project is completed.

If you buy the right deal, BRRRR should still work, but it may be worth researching more and looking into other areas.

For sourcing deals, consider leveraging a mix of strategies including networking with local real estate investors, using online platforms like Bigger-Pockets for community advice, and exploring public records or foreclosure lists for potential off-market properties.

Having the right expectations set before investing can help you make an educated decision on if the investment is worth making for you. 

I don't know where you are based, but make sure there is enough spread for it to be worth it to an investor.

Save your texts and such with your tenant and your calls to the police— build a record of your neighbor’s noise.

Paying cash for the foster family home seems like a compassionate choice, but if it strains your finances too much, it might be worth considering financing part of it to free up cash for the remodel.

How much is this land worth?