The tenants that live there can file an eviction for the daughter if needed, but you are not really obligated to solve family drama.

My advice to you would be to learn the various methods of real estate investing such as wholesaling, flipping, buy and hold, tax liens, etc. and also learn your area to see what has been successful there. 

The average working month has 4.33 weeks in it, so you can get the same answer using your method by doing the following: $14.50 X 30 X 4.33 = $1883.55 or very close to the $1885.00 However, we as lenders use the method that the instructor used.

How long does one need to own before taking advantage of the BRRR method to spin funds back out of a property?

How long does one need to own before taking advantage of the BRRR method to spin funds back out of a property?

Proper slope away from a house and gutter extensions can solve about 90% of foundation issues caused by water is what I have learned from my foundation guys.

The BRRRR method is not designed for out-of-state investing and/or is not your best option.

@Rodeler Youte I'm using a combination of multiple financing methods.

I have a conventional 30-yr mortgage on a home that I qualified for with proof of job income. Let's say years later circumstances changed and I decided to quit my job to do real estate full-time. If I acquire a second...

What I mean is, we use a similar method as his Baby Step #3: Fully Funded Emergency Fund.