I have only sent a hand written note twice and it did get a response both times.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Certainly contact the HI and see what he has to say....you may not get far but worth a try.On the other hand, you mention 'exposed wires'....where are they?

Your 1031 QI would have to buy/hold the land and do all the construction BEFORE you owned it. 

So, what is happening today is not as important as what will happen in the foreseeable future.If rents are increasing faster than inflation (I use 5% per year as an average rate), then it may be worth holding the property, since your cash flow will increase as rents rise.However, in your post you stated, "Mortgage rates have kept increasing as well, that's why I put a range on negative cash flow."

Hi Kristin in Chicago, Illinois-I am sorry one of your rentals has been vacant for a couple of months going on three months and you are concerned your property manager is not representing the property well and their criteria for screening tenants may be too stringent for the area.This can be an expensive learning curve as you have holding costs and may even have to pay one month's rent to the property manager to get it leased.I had nearly the same thing happen to me.

If not, then assuming that someone is in a financial situation that can afford a potential mishap, then would you say that BRRR is hands down the way to go, or am I missing something?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I might consider it if you could finance it all yourself and had a plan to sell but could still make it work if you had to hold as a solid plan B. 

Hi Matt,Memphis holds a lot of hidden opportunities.