It looks like a less labor intensive way to increase cash flow over the STR route but also includes structural changes to a single family home (additional setup costs) and dealing with low income tenants.  

hello all, I am trying to purchase a 2nd property and have a couple of strategies I can implement but i am truly at a crossroads .

Renting to students in majors that are study intensive (STEM) can cut down on the damage and engineers like to fix things.

That lines up with some properties I've been watching in the $400k range that had to cut $40k or more off list to get under contract. 

I should note that I did a 1031 INTO 2 of the 3 houses, and did a cost segregation study and took accelerated depreciation on all 3 to offset 2022 taxes because I had a very profitable flip that year and I am a real estate professional per the IRS.   

Located in: Trenton, NJ  one thing to realize and talk to your accountant about is if you assume it - do you assume it based on his cost basis, which could be a lot lower than the property value and then when you do eventually sell it, you could be hit with a nice capital gains bill. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

We reglazed a shower to costs on a BRRRR.

(Fortunately, neither of these are a particularly friable substance.)Generally, removing all substances that might have asbestos won't be cost effective. 

I expected it to cost 30% more than 2021, not 60% more.