If you just leverage a property based on the availability of 1 tenant but don’t have any reserves for expenses that’s a terrible business plan.

My plan is to buy a few LTR’s to start out. 

Hi guys - would love any feedback on the below numbers I am crunching on a potential BRRRR deal.The plan is to hold on to the property, rehab it, rent it, and then do a cash-out refinance.

I don't really plan to use my license to sell to the public as I already have a full time job and our investment business will take up the remainder of our time. 

What type of financing do you plan to use?

Fannie Mae doesn’t care what platforms that your second home is marketed on.  

Honestly, what do I care?

You want to be very careful. 

Make sure you build in enough profit that WHEN things pop up that you were not planning for you still have enough wiggle room to still make a decent amount of money.

I knew I was essentially looking to BRRRR with my back up plan to flip.