Now I may have misheard, but I believe the advice was to cash out 1.5MM retirement fund (type unkown) and invest it in two short term rentals. 

Now i have decided to take a lot of things in my hand and also removing the PMC from many of my properties that have good tenants in Cabot area and Conway area and do not require much management and only keep them for inner city NLR type properties that have been veey challenging to manage unless it is section 8.  

What made you interested in investing in this type of deal?

You can start by talking to investors/ investor-friendly realtors from different markets and learning to analyze different types of deals.

For example, if the property cash flows, you will see some type of cash on cash return. 

From there do your best to develop a "buy box" instead of chasing down every type of property in every area.Best of luck starting out!

But I think you should be focusing more on their screening process, leases, and those type of areas. 

What made you interested in investing in this type of deal?

Therefore, the days of refinancing a property at a low interest rate and getting enough money out and still have your rent covered is near impossible, and most likely would be an a class C asset.Therefore, to say, the strategy is an effective strategy in this type of environment, it just does not work.

Purchase price: $31,000 Cash invested: $61,000 BRRRR property What made you interested in investing in this type of deal?