Longer vacancies can eat into profits.Alternative Strategies: While BRRRR can work, Wichita might also be suitable for:Buy and Hold: If rehab costs are high or competition is fierce, focusing on long-term rentals with good cash flow could be a simpler approach.Remember: Talk to local real estate agents and property managers to get a realistic picture of rehab costs, rental rates, and vacancy times in Wichita.

@Amirra Besh If you call any agent, they will typically charge 1 month of rent to find a tenant.Just like in a sales transaction, where the buyer's agent and listing agent split the commission, an agent will offer another agent that brings a tenant 50% of the one-month of rent as commission.Many owners are trying to put pressure on PMCs to lower this fee because they think the monthly management fee should cover at least part, if not all, of this.Here's were penny-pinching owners screw themselves: PMC's will charge lower than the one-month of rent, but they offset it and do NOT tell the owner the negative repercussions!

Consider how that might effect the future sale of a property.The real estate agent or broker who is helping you buy a multi-family property should understand the pros and cons and help guide you through the process of where your money is best spent regarding washers/dryers.

We used a buyers agent and it was located thru the local MLS.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Spouse, father, biotechnology engineer (by degree), water engineer (by experience), specializes in natural health, loves the world of personal development, and the world of real estate.- what am I doing here?

I see real estate agents try to invest in real estate, fail, and then poo-poo the whole idea.

Do your research, figure out a strategy that feel comfortable for you, find an agent that specializes in that, see some homes, run some numbers ... and then buy. 

I listened to a lot of RE agents and investors to buy before there's more competition if rates decrease and I could refinance later and raise rents.

This could include offering special discounts to guests at nearby restaurants (easy to execute with a QR Code), collaborating with a spa for guest packages, or sponsoring events that cater to your target demographic.Finally, don't underestimate the power of local art for retaining guests.