Typically, we aim for about 60% in profit at the sale in year 5.In five years’ time, the units have been updated, tenants are strong, and rent accurately reflects market rates.

My plan is to purchase single family homes and rent them out using the BRRRR method.  

Rent and price appreciation has been keeping up with inflation (most of the time reaching higher than inflation).

Let me here what you would do with the scenario.Purchase Price:40KRehab: 40KTotal Loan From Lender after Rehab: 80KARV: 130KFair Market Rent: 1,200 Mo.If this was your very first purchase, with a goal of wanting to scale, and build a portfolio based around LTR, and Fix and Flips.

100% month's rent on $1000 rent is in fact $1000. 

After rehab, live in the bottom unit and rent the top.ARV 185PP 55Rehab 80Refinanced 1,100Upstairs rent 950Downstairs. 1,100I would like to have someone help me through this.

Take the profits and flip a house and rent.  

Hi Jagger-Great question.I am a fellow Michigander from Ann Arbor.Nothing against Maine but the Midwest has seen some of the strongest rent growth in the country.When I consult with my clients, if they don't have the budget for a market like Ann Arbor, I direct them to Lansing, MI.The cashflow is strong, the economy is stable, it is the State capital so there is always economic development creating new jobs, the price point is relatively affordable because the cost of living is lower there, and appreciation is predictably linear.I also advise investors to buy duplexes and up so you always have a rent check coming in most of the time if you have a vacancy.

We're open to all sorts of creative financing such as seller financing, notes, options, we've done rent to own as well.

Leasing to understand market rents, pros and cons of specific assets, any insider knowledge on tenant interest, etc.Then you get into the day to day operations.