Hello BP, looking for some perspective/opinion on which route to take with $50K cash with the goal of long term buy and hold: Pay cash for a BRRR - $50K Purchase (finance) two $100K properties - $50K down payment (in total)For simplicity, assume my numbers/deal are spot on and the cash flow in both scenarios is the same.Pros of 1 BRR – Left out the R for repeat...as I would hold on to the property - No loan, one property (with same cash flow) – slightly less maintenance as only one set of mechanicalsPros of 2 financed properties – Leverage, mortgage paydown by tenant, more potential appreciation (2 vs 1 property)Cons of 1 BRRR – less rehabbed (just rent ready) vs 2 financed TURNKEY propertiesCons of 2 financed properties – lower cash flow per door, paying additional (taxes, insurance)thoughts?  

I've advised my client to do additional research on this. 

In addition, there is no access panel to allow maintenance of the plumbing, which the inspector says is required.

In my opinion, prices will be up a year from now, so in addition to spending $24,000 renting, you will lose out on a years worth of property appreciation when you sell.As far as renting to you, I would not.

If you are an independent contractor with multiple years operating in your business and reasonable consistency in that income (you don't have one year with $30K and one year with $200K and are trying to claim you make $200K) then you need to keep calling lenders until you get one who can work with you, in my opinion.If my real estate side business and my book royalties from Set for Life (next year) can help me qualify for a loan, in addition to my W2 income, then I don't see why someone with consistent income from self-employment is having trouble -- perhaps the trouble is more in demonstrating consistent income from a sustainable source? 

Once again around 70K in savings(plus an additional ~7K in an old 401k i would be willing to take out) and looking for deals but they are tough to find right now.

I am hoping you are correct.I read another post from someone who has the ultimate fixer-upper as a tenant. in addition to that, this one wants everything HER color, and HER style.

But in talking to lenders, I learned they don’t accept rent from spare rooms because it’s in my primary residence, the reasoning behind which I don’t understanding since that’s an extra $2650/month in addition to my W-2 income.

My brother and I are doing a reno where we plan on popping the top on a ranch built in 1950. City of Atlanta have said we'll need a variance (bummer)Is anyone willing to give examples of hardships that they've been ab...

Seth Nadreau I understand that interior finishes and the breakdown of the space used can be a big differentiator (a large living room is worth less than a living room + additional bedroom or bathroom) — but are there other reasons someone shouldn’t considered price per square foot?