Flipping houses and owning a painting business can actually complement each other very well, in terms of cross-selling services, developing connections, and new opportunities among other things.I guess my point is, before leaving an existing venture, make sure you have formally done your diligence via a business model, business plan, marketing strategy, etc.  

I think you'll need to re-think your goals or strategy because putting down $50K when you make $50K isn't mathematically possible.  

There's a healthy investment to get certified, insurance, etc so wanted to get a temperature gauge before diving in. 

The campground owner needs to rethink his strategy and heed the advice of the law enforcement officer.

I currently have a single family home (4 bed 21/2 bath) and the first part of the house hacking strategy would be to rent this house out and then go and purchase a multifamily property to live rent free in and therefore save up more cash.

Here is how I approach it-Same type of property, bedrooms, bath, etc (if I can find similar houses)I try to keep the Comp properties in the same school districtI go back 3 months to start (the market is different now than it was 6 months or a year ago)Then I account for upgrades, market temperature, etc.That gives me a range- if I feel the property should be higher than average I need to be able to justify that because properties are sold twice- once to the buyer and once to the appraiser

That said, if you have any properties that may work well for a BRRRR strategy then I'm all ears!

I am interested in strategies on how to approach investing in single family rentals.

Buy and Hold strategy with 10 doors - looking for partners and contacts to take business to next level.

There are many products and strategies you can take in Memphis and I will be happy to share with you our program and how we have seen returns int he mid-teens for years now.