There are various things to consider about the BRRRR model that doesn't typically get discussed in the podcasts and articles that get everyone hyped.

Re: your question, it depends.

Feel free to send me a PM to discuss meeting up.Talk soon,William Lees Jr

Aside from my own house, I haven't done any RE investing.

@Miles Stanley BP podcast 134 also discusses this same strategy.  

For purposes of discussion here, assume the HOA is well run, the annual operating budget is sound and the account balances for reserves are within the guidelines set forth in the most recent reserve study.  

If this is something you would be interested in please reply with your number and we can discuss it more in depth.

Yes more appreciation and as it is it's so hard to own a RE in SF, Bay Area. 

As for exam studying, RE trainers out of Anaheim has a 2-day exam crash course scheduled for the weekend of Oct 8-9 in Santa Clara.

Most investors want up to 125k price range with an arv of up to $150ish...If you like, give me a call to discuss, and maybe we can set you up a search such to where you are notified immediately if properties come on the market and then if you find something we can go look at it for you...