I have had great success finding some BRRR opportunities in parts of town that are just waking up and starting to turn over with large development plans nearby and overall population growth.

If you live nearby, it is a fairly simple job.

Are chupacabra rumored to live nearby?

You want to have a good potential pool of business owners that might be willing to locate in your spaces if and when they become available.I would want to have a good idea of what types of business were nearby.

Thus, I am looking into other options.I have come across a class C office building in a nearby city center, with parking.

I looked at it on Zillow and boy is it ugly and out of date inside.The home is only twelve years old but looks 25 years out of date.The kitchen and bathrooms are cheap and ugly,it needs better paint choices,laminate flooring and nice tile for the kitchen and bathrooms,new appliances,tiled shower instead of plastic,and new landscaping.Combine that with a bad foundation and too many nearby homes for sale in better shape and it's easy to see why this turkey is rotting.The bank is calling the shots so I would make out a laundry list of repairs and upgrades it needs and present it to the bank with an offer of maybe 110k and challenge them to argue otherwise.

I had been looking in one midwest market because of family nearby, and started to build my team.

It's a good idea to have a good renovation estimate when you look at properties.I also wouldn't dismiss other counties nearby like Ann Arundel or even Baltimore.

Location & Regulation: Research popular tourist spots, nearby attractions, and local STR regulations.2.

@Ryan Thomson is a house hacking expert nearby.