Look at it from this perspective, if your toilet broke at your house and you decided to use a camp toilet in the yard, does that make your house 'grandfathered' to not need plumbing? 

The financing is the thing that I think is going to be the part that I am most unsure about, so would be interested in your perspective on that.Once again congrats and have fun with the young ones.

It also helps provide perspective and give you an outline to create a plan of attack.  

I tell all of the investors I work with that it's the worst time to buy from a value perspective.

Let's think in current perspective. 

This is very interesting when it’s put into this perspective!

From that perspective, you are better served doing HML and private lending from your tax deferred accounts.Also, IMHO, you should pay the taxes on the seed and not on the crop and do both from Roth accounts (tax exempt) - either the lending or holding appreciating properties.

Seems a male, female, LGBTQ or maybe even an animal with great communication skills and valuable perspective might be just as useful to you, no?

Take the flip profits now, or BRRRR with a great interest rate and some cash flow... doesn't keep me up at night bc both options are great, however I want to maximize my time and profits.For any multi-units I am heavy in the BRRRR category, but I have a couple San Diego condo deals I am in contract on now and curious the thoughts from BP on which route is better... and I typically don't like holding condos long term due to the HOA and the low ceiling on cash flow, but another perspective I have heard is how easy they are as a rental.I got in to this for long term wealth #1 and short term profits #2... just an FYI.Condo #1:*This deal is under contract and ready to close in a few weeks using HM at 85% of PP and 100% of Rehab with 9/2.PP: $155,000Rehab: $30,000 - $32,000ARV: $260,000 with upside as nothing has sold in building in 2 yearsHOA: $300 a moRental: $1750-$1800PITI w/ HOA from Refi ~ $1,500Minimal VacancyBRRRR Pros: In a predominantly rental area, can 100% BRRRR and hold for $250-$300 a mo cash flow.Flip Pros: I'm licensed so it'll only cost me about 4% cost of sale Condo #2: *This deal is in negotiations with bank for Short Sale using HM at 85% of PP and 100% of Rehab with 9/2.PP: $150,000 - $200,000 (Discrepancy because we are negotiating... starting at 150k, closer to 200k will lean me towards flip vs BRRRR)Rehab: $28,000 - $30,000ARV: $295,000 HOA: $388 a moRental: $1800PITI w/ HOA from Refi ~ $1,600 or less, depending on purchase price/refi priceMinimal Vacancy, Brand new hospital being build walking distance, less cash flow but better area than Condo #1BRRRR Pros: In a predominantly rental area, can 100% BRRRR and hold for $200-$300 a mo cash flow.Flip Pros: I'm licensed so it'll only cost me about 4% cost of sale---TL;DR - Are condos good for BRRRR or better to flip and keep my rentals as multis or high cash flow SFR's

Thank ya'll for the comments and valuable perspectives.