Hey @Derek Askew -- Congrats on the start of your landlord journey!

Reporting 3 comparable sales, and then adjusting for the differences in the grid, is simply an outdated and frankly, misleading and meaningless method.

On that appraisal the 3 different methods, replacement, rents, and comps, all amazingly came out to less than 1% of each other.  

You will find this to be one of the most, if not THE most, valuable assets in your real estate journey.

@Nik Moushon In addition to tax strategies I would also consider asset protection as your journey forth with rental properties. 

Hello, I'm just starting my journey into real estate investing, my current deadline for myself to actually start is next year so I'm trying to cram as much information as I possibly can. 

I’m wanting to house hack since it’ll be my first time and wondering if anyone has house hacked in a SFR for the first year and used the BRRRR method.

The internal debate is which method would be simplest; borrow the money as a private loan to purchase and use cash flow to pay off.

However, if you are a DIY guy, you may be ok within a few thousand dollars (granted I do not know the SOW)Just double check your comps that this property will be valued for what you think it will, and just remember that the hard part with BRRRR method is keeping good tenants!

What would be the best method, assuming that I am looking at 50,000 properties which could generate 500 gross rent, or 250 after expenses?