@Russell BrazilI would argue that the yield if an asset has everything to do it.Why invest in one 6% yield asset when you might be able to invest in two or three 12% yield assets in another market.The point was about judging the effectiveness of the BRRRR method in a hot market.

What you're suggesting would produce better leads and the agent would only have to pay for that lead upon successfully closing the transaction.

however it is rare you get a fire after all the homes we have had I think we have had maybe 3.. when I had my big rental portfolio I was just about to go to self insurance.. at 200 to 300 homes in the low value asset areas self insurance for fire becomes very cost effective when its private equity and no bank.  

The checkbook IRA or Solo 401(k) are more nimble and cost effective.

@Holly Williams yeah definitely too small for syndication was just curious for future transactions.

If anything I hope to gain more knowledge in dealing with the large $10 mil plus transactions so I can develop confidence and comfort going forward. 

From talking to brokers in the area, transaction volume has increased significantly in the past year for small multifamily.

Supply/demand and effective purchasing power are what I look at for location trends in our area.

"No Cause" Termination is a simple way to go and can't be contested and is an effective way to remove a tenant (not allowed in King County).

Then you have a lower payment and no pressure to ever refi out of it or just fax and sell and payoff and repeat.In you example if the sale price was 100k and you needed just 10k for rehab then it a 110k transaction which means a 15% down payment is 16,500.