I mean, it worked years ago...and maybe the market is shifting enough to look at it now? 

You can find information about this online at places such as the ASPCA and Humane Society websites. 

To calculate ARV, you look at the recently sold homes, the pending homes, and the for sale homes in the immediate area.In a market that is shifting like we are in today, it is even more important to look at "pending" and "for sale" listings.A home in the neighborhood may have recently sold for $500k.

Over time it has shifted towards 3X as standard.

While we tend to live in a "more is better" society - I'm going to challenge that notion a bit and tell you that quality is better than quantity.

I'm excited to get into this business, but I sure don't want to put myself in a bad spot given the litigious nature of today's society… it only takes that one tenant to make your life a living nightmare, and risking everything I already have is not part of my business model! 

A small shift or correction in the market can put you in the negative.

With inventory levels continuing to be so low, and most economists beliefs being the fed won't raise rates much over 4% in 2022, it seems as though we are still a long way away from a market shift.

If you're looking to build a portfolio in the long run, then you need to shift your focus to buy and hold.

I have a background in commercial construction & development, so when thinking about renovations or repairs, my mind often shifts to negotiating contracts with general contractors and vendors.