So the BRRRR is hailed on this site as a great way to make money.

That being said, RE trends have proven to continue rising in the long-run and if you're purchasing a property that cash flows with the intention of holding it long-term, you might lose some equity as a downturn hits but those are all paper losses and you'll be able to ride it out with the cash flow.Cheers,Andrew

We bought a few years ago and have a great ride of appreciation.  

I don't think it is a bad option for you since it is only a train ride away for a weekend check-in.

You can pull every dollar out and then when you get hit with vacancy, repairs, taxes or other life hardship, you have no money to ride through.

See what they are doing.As a landlord in a low income area since 1993 I have seen the prices of 900 square foot, 3 bedroom, one bath, National Homes on a slab ride the roller coaster.

if you have one loan servicer, the snowball method wont do anything. imy reccomendation is to pay off any loans over 5% quickly, and let tbe rest ride. having a student loan account may likely be adding 4 years to your credit report history, assuming you havent been using credit cards while in school

It's been a fun ride to say the least!

I suggest he stays, do not pay any more rent, and ride it out till the weather breaks assuming he can tolerate the conditions.Worse case the bank will take over and months down the road will ask him to leave.

Perhaps you are going for a very very high end GC or someone is taking you for a ride.