Assume you can turn your $110K asset after selling costs into 3 Memphis units that each cash flow $200/month after realistic PM, cap ex/maintenance estimate, and vacancy estimate (a bigger challenge than it may seem because maintenance and cap expense do not vary that significantly base on the rent as much as the unit profile (number of bathrooms, square footage, etc.); cheaper rents have a higher percentage of the rent needed for cap ex/maintenance. 

O, you can expect this behavior to continue.

I look forward to continuing to learn from you all.I currently run sales operations for a fast-growing SaaS company so the funnels and systems are what I build for B2B sales organizations so I appreciate them and look forward to structuring them in my own business.Joe

That's where I'm at, sort of frustrated because I've come to a point in my "self-education" in REI that I realize that the BRRRR method (if you want to get all or even all+some back out) ONLY works with downright exceptional deals....I am not discouraged by this, if anything, I'm more fired up to sniff out the deals, but man...it seems like it's gotta be WAY below market value AND be situated in an area in which upgrades will drastically increase the ARV for me to be able to make the refi work for me and continue reinvesting that money in more properties. 

I hope i can continue investing.

I’ve already learned so much, and want to continue learning so that I can mitigate my risks and be in the best position possible when it comes time for my first deal.

Most likely they will be satisfied if you continue to make your loan payments on time, but it's always good to read the fine print to be certain. 

Prices are going to vary based on property value.

My message to @Kevin Jones, me, and all other newbies on BP: it's tough in the beginning but let us all just continue, one day at a time, until we are successful.

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