I I know the BRRRR strategy requires a renovation, but would it be wiser to rent it out for a year or two and see how people treat it then gradually make it nicer?

Don't expect a workingman to treat you like anything other than just another soft-handed money guy certain of his own general superiority trying to get rich off the sweat of their brow.

I lost my guest as the house needed to be treated and repairs completed, plus I had to buy and install a new A/C.

If you are serious about real estate investment, you should treat this as a business and not a hobby.

One thing to keep in mind as you do your comps is to treat them like comps.

I’m also willing to treat someone to lunch!

ESAs are not pets and cannot be treated as such.

A few thoughts:1) best time to do something is early2) Very few budgets could withstand a 50% increase so doing that is tantamount to telling them to move. 3)You risk a real "fight or flight" response here if they have nowhere to go...be prepared to fight..and learn the rules you will be fighting under4) How would you want to be treated?

Each situation will be different and you'll have to sell them a little differently (butmake sure you treat each resident the same, can't stress that enough).What we've done with some success is to tell the residents that we are selling the homes, no ifs ands or buts.

@Tara BaldaufIt would be nice to treat as a primary residence than a flip where profit is considered ordinary income from the sale of inventory as opposed to investment property.