But on the LP side, a base hit can leave you with a very modest return (if not a modest loss).

Based on what you have in cash and also in debt, I would speak with a few mortgage brokers to see what you could qualify for while leveraging your money so you could scale.

View report*This link comes directly from our calculators, based on information input by the member who posted.Somebody help me execute a successful BRRRR calculation please....figures and whathave youThanks

Here's a suggested approach:Verify Rent Increase:Request a rent roll from the seller to cross-verify rental history.You can ask the current tenant for confirmation, ensuring transparency and avoiding surprises.Contact Existing Tenant:Communicate directly with the current tenant to discuss the property and their intentions.Understand their perspective on the rent increase and their willingness to stay.Reason for Previous Buyer Backing Off:It's reasonable to ask the seller or their agent about the reason the previous buyer backed off.This can provide insights into potential issues or concerns with the property.Negotiate and Due Diligence:If you're still interested after clarifying these aspects, negotiate based on your findings.Consider conducting your due diligence, including a thorough inspection and possibly consulting a local property manager for insights.Evaluate Costs and Risks:Assess the costs associated with potential repairs and factor in the risk of the increased rent being accurate.Weigh these costs against the reduced purchase price and potential future returns.Remember, due diligence is crucial in real estate.

I make sure to pay him within the week of the work, and make sure to file the invoices away for reference and taxes.In my opinion this is the best option, since you never know how much you will use him/her in one months time, they should be paid per job bases; however, the busier you get you can bring them on as a retained handyman.

Im a Real estate agent based out of Queens, New York.

I'm currently based in New York City, and after watching a few friends enter into real estate from a few different angles, I started to dive into researching the industry recently.I'm a 2x entrepreneur, building companies in both the creative and fintech space (as a side project I also created a non-profit during COVID to support the restaurant industry).

Now, it appears the minimum stay is 6 months based on this HOA's rules... 

This report contains information solely based on the small multifamily (3-10 units), large multifamily (11+ units) and duplexes (2 units) within the Reno area.

Just do what many others from around the world do, buy rentals with PM in place and 10% or so net caps based on cash purchase, about 100kish.