Whe shopping around you are going to see that some charge more interest but less closing costs and other less interest and more closing costs.

I've always had this dream of a beach home within walking distance to the beach, so I realize I probably need to back up and look at this more objectively instead of emotionally when it comes to extra wear and tear and higher insurance costs, weather impacts, etc.

So, by trying to get a tenant out and replace them with another tenant you have a 50% chance they will be the same or worse, plus the expense, lost rent due to vacancy, plus any tenant placement costs with your PM.

Whatever you use, make sure it's state-specific.6) Putting a cap on utilities is smart, especially when you're starting out and have no idea what they're going to cost you.

I'm curious to hear from the experienced folks - finding the right property at below-market value for BRRRR seems very exhaustive, wouldn't they be more motivated to sell a property at market value for less work and more profit?

What have been your experiences so far, and any hidden costs that you did not expect managing investment properties? 

Think of it this way - the 6.00% cap rate is your cost of equity.

Are you looking to sell? 

The sub meter costs and monthly reporting fees can be charged to the JADU. 

However, the biggest challenge is dealing with well and septic systems, which can cost $15K - $75K to fix.