Since we are out of state, we need someone to observe the minor renovation progress.What would be the average daily rate for hiring a renovation project manager to check on the progress and ensure that contractors are doing their job properly?

My parents live in Prescott, Arizona and it seems to be an area that has continued to boom, has low vacancy rates, and a bit of a shortage of rentals.

It is a very light cosmetic rehab, Just enough to get better rent rate.

My First BRRR Deal in Milwaukee Purchase price: $95,000 Cash invested: $33,785This property was acquired by a hard money loan with an interest rate of 12.99 percent.

I suggest selling this deal and 1031 exchanging into a larger deal, it would be a lot easier to finance, and you would get better rates on it.

The calendars for our properties are filling up decently, but it is taking daily work on rates to get that done.

What are the vacancy rates in your area?

It is very hard to "perfect BRRRR" here with consistency or anywhere for that matter with today's rate and insurance costs.

We have been blessed to serve a a ton of Bigger Pockets clients and the biggest challenge we have with house hackers is the FHA Self Sustainability test.. 75% of the overall rent has to cover the PITI.. with rates where they are this has been a big challenge. 

Being able to do min one week stays would be nice if that would allow the property to generate more revenue.If the property has already appreciated a fair amount in 2 years it would be a bummer to sell now just because the rate is high.