Repeat process!

In MFH I hear these complaints frequently and my standard response is, "that's a civil matter, you need to call the police and be sure to send me a copy of the police report" I can react to a police report as a breach of lease but simply complaining about the neighbors is not an issue I can address.I find this problem most in newly acquired properties with inherited tenants.

I have a client with the following:$100k/year incomeExcellent credit$40k liquid cashMinimal debt, great DTICombined equity in properties is ~$100kHe's looking to utilize the BRRRR strategy (Buy, Renovate, Rent, Refinance, Repeat) to build his REI portfolio and keep recycling his cash.I'm trying to help him figure out the best strategy to leverage his resources so that he can build up his portfolio as quickly as possible.

He took off frequently to go to the doctor and got on a pain med prescription.

If they book more frequently, the owner keeps the amount promised.

So that whole rinse and repeat concept will not work for me.Hard money eats all the profits and requires HUGE money on the front plus penalties for refing out. 

The plumber has been very hard to get a hold of and will repeatedly say he's coming and then not show up. 

today i had this repeat experience when i went to see this another great townhouse in the suburban - no lighting fixtures from the builder. kitchen and baths are well lit - but the bedrooms have no light fxitures at all.the living room had this one glow-bomb center light on the ceiling. bah.

This is what attorneys frequently do. 

No doubt returns like this are possible but you have to come with some sort of value add element.Finding good rental properties on the MLS, paying around market rates for them and renting them out we are seeing returns in the 6-7% range for unleveraged investments.I agree with the others in this thread that ultimately what one has to do is get the ball rolling and its more important to get the first deal done and in the books, roll the learnings into deal two and repeat and so on.