If the management expenses and legal fees don't pencil out, you've simply bought yourself a job, like we see many contractors doing on fix-n-flips.

At this point or use the rental calculator on bigger pockets to help me run the numbers on this house to see where the investor would start making money if they bought it.

My brother recently bought a 1.1 million dollar home in Austin Texas to personally live in by himself, in a multiple offer situation.

And PS  I bought a house last year in Charleston SC that by the time I went into contract ( it was vacant) and the time they cleared the title.. 7 months the termites decimated it and I had to demo the whole house  LOL>.

Any advice or tips for Brrrr would be great I have not refied other properties I own just bought and held the others. 

Of course, the more details you share about the property the better, so here's a generic outline to make sure we get all the necessary info to evaluate what to expect:Property Type: (Condo, Single Family House, Multifamily Property)Total Doors:Purchase Price:Year Bought: (Buying at bottom of market obviously makes for more cashflow today)Financing: (Cash purchase, financed with percentage down, lease option, etc.)How You Found Property: (MLS, Off-market, Wholesaler, Foreclosure, REO, etc.)Property & Neighborhood Rating: (A-F, 1 to 10, neighborhood quality and condition of property)Net Cashflow Per Door:Cap Rate, CoC, Appreciation, Etc.: (Any other metrics or ROI figures you think are important to the deal)You can either answer in this format or write a paragraph or two including all the details.

I bought my first house using a VA Loan for $0.

Are you prepared to take him/her to the tile store, paint store, carpet store, countertops warehouse, plumbing fixture store, etc.? 

The 4 properties I bought I used Willie Tucker.

We quickly bought our first apartment and then mobile home park.