I agree that, buy and hold is where it's at for the long term.

I would agree with just about everything Brian said.

@Justin HertzogI agree that you should be able to do a cap rate analysis yourself based on your income and expenses.

They asked to stay in the house and continue their lease, and I agreed, but they basically never moved back in, and bounced the next months rent check.I evicted them, but the eviction was served by mail, so we were not given an automatic judgment under Georgia law ( the tenant has to be personally served for an automatic judgment).Now I will have to take them to small claims court in order to collect the several thousands of dollars they owe me.Any suggestions on how to sue someone who is most likely staying on base, and thus not in my county but on Federal property?

@Emmit Giddings I have to agree with @J Scott.

I agree.

I would agree with a long term mortgage.

@Andrew BoettcherI agree with you.

If you instead got the bank to agree to finance the repairs, they would list 100K in budgeted repairs on the HUD statement (closing statement) and then you would put down 20% of 600K (the all in price) and get a mortgage for 480K (you put up 120K) they would then hold the extra 100K in escrow and release it to you as you made the repairs.Techincally this is different than BRRRR since you are really just buying, rehabbing renting and repeating ie BRRR but are skipping the final R (refinance)

The most difficult part for this one was that the seller was wanting to close in 30 days and 45 is considered fast these days and 60 is normal if everything goes right... but my lender agreed to it and I had to act very fast each time the lender needed something in order to help make that happen.