I started out wanting to do flips but quickly discovered that I like rentals better.

I am mainly looking for the cash flow game in long-term rentals but also have been looking and BRRR strategy recently as it seems to be the best way to get the best cash flow or possible just flip it to capture the gains more quickly.  

As to HOA debts/liens when the bank buys it back at their own foreclosure auction.....the bank is protected by the Safe Harbor statute passed in 2008 I believe.....they owe only 1% of the original mtg or 12 mo.s of dues, whichever is less, and the HOA has to accept it as full payment. 

That went from a 5,000 budgeted rehab to 15,000 pretty quickly when we decided to do the whole property with LVP so as to last longer.

Are they in a safe area? 

Most flippers imagine themselves in and out of a project relatively quickly (3-6 months), and in those cases, the points hurt more than the interest. 

Heard so much good stuff about it I think we may consider renting there, if even for a quick jaunt down before the end of this summer the scope it out.

Agreed, in the short term it will hurt the market, but it will also filter out those that want to make a quick buck and think it takes 1 week to flip.It’s like a lot of industries.

Since most flipping transactions have a quick turnaround, the idea is that any profit is derived from the ordinary course of business.

Hi all, quick q: I'm planning on getting 5-7 smaller multi-fam properties or 1-2 large ones.