Hi all, I want to start the conversation about common mistakes when doing a BRRRR. 

The seller already has given me a good deal on the property due to her being forced to return to NYC for work post-covid (seller is paying $20K out of pocket after overpaying for the property 2 yrs ago, and sellers agent is taking a commission cut to make the deal work).

Excited to learn and connect with you all!

We know several people interested and could make a deal without having to go through agents to save 6% on fees.

My friend came to me.... and I tried to get her the most I could based on what end buyer's were willing to pay How did you finance this deal?

Do I need to contact the city of Chicago to have the water shut off or is this something I can do myself? 

You are treated as a "student" trying to gain "admission" to their program. 

There was water in the utility room, went through wall to the next bedroom and left water stains where I may need to replace the floor. 

We also started repeat visiting Chincoteague, VA annually, and so decided to give another STR run here.

Rectangular shaped property from North to South.