(MLS/Realtor.com is propogated to more than 30 other websites.)David KrulacBigger Pockets Podcast #82  

He'll have at least $2k per month in positive cash flow and tons of equity when it's time to find the next home in some years.

I think you have a good plan, BRRRR is still a great route in the current market, and especially for the states you are already in - both Indiana and Georgia are very well positioned for BRRRR deals in my view / experience

I also know finding a quadplex as a first property in Orange County isn’t going to be easy, but I’m open to hearing people’s thoughts.My goal isn’t to turn a profit right away—I know properties here might not have positive cash flow for a few years.

Given your stated position of things, assumptions of skills and network, I'd say your best path is a totally different one. 

The positive is you can get them out with 60 day notice so 60 day escrow would allow the unit to be delivered vacant (assuming zero issues terminating the rental)good luck 

If you rented this home and it was putting $3K positive cashflow yearly in your pocket, the returns would be 3/4=7%.  

Also, to track spending habits - just had a prospect withdraw their application when we asked why they were spending half their income on gambling websites.

They didn't actively advertiseour home on websites and we had low tenantresponse.

Putting people in a position where they would need to sell or come up with an alternative strategy to pay off the mortgage balance prior to rebuilding.