I would make sure look at markets are not over-saturated and that the rents are strong.

Fix n flip is a quick turnaround interest only loan for a term of 6 to 24 months  The BRRR method is used for buy, rehab, rent and repeat with a more conventional mortgage structure.

Income to Price, Median Income, Median Rent, RTP, Annual Rent to Income, and Unemployment?  

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

Purchase price: $178,000 Cash invested: $2,500 We knew we'd be in the area for at least four years, so we bought this property that has a lot of room for improvement to gain appreciation instead of sinking money into high rents.

Our research says that we should be able to rent on a STR basis for about $350-450 per night. 

I then gave the tenant the next month's rent for free.

Just plug the numbers into the BP calculator.We have a very similar price structure in Milwaukee and we opt for higher rent assets in B areas.  

Good day, I was approached by somone the other day about renting rooms in Philadlephia. 

We should get together and decide on the best action to get our money back.I bought 3 properties from them in 2017 - 2 in Baltimore and 1 in Philadelphia.They breach contract all the time (one example is that you are supposed to do an inspection before they charge you the last 5K but they simply deduct it from your guaranteed rent) and do not keep you posted on what's going on with your property.