The agent walks with their commission and can stick you with a bad tenant. 3) Hire a PMCYou don't have to hire them to do everything, as many will just do Placements.But, they will have much more experience than most agents you can find AND anyone here on BP willing to help you illegally.

If you can house hack, like @Nicholas L. said, that is ideal because you will need the least amount down to do it and can get the enjoyment and landlord experience out of it.

(for those who can afford)- Thru my experience calling for 5-6 hours a day can be very exhausting and stressful.

Professionals with decades of experience and proven track records do all the heavy lifting.

Or if they are doing value-added multifamily, they will show you their hotel experience.

I'm      particularly interested in exploring the BRRRR strategy, despite the initially lower monthly cash flow.Long-Term Goal:- The ultimate objective is to achieve a monthly income of $15K+ through real estate investing within the next 10~15 years.I greatly appreciate any guidance, tips, or perspectives you can share based on your experience.

Anyone having experience with this challenge, I welcome suggestions.

If you negotiate a lower purchase price or have faith in the property's long-term value, spending more than the appraisal may still be feasible given the property's high cash flow potential and your experience with the market.

(I understand this statement is not PC, but after 30+ years in the industry, I'm speaking from my own personal experience.)4. 

Just a thought, are you in a position to develop other smaller project and learn from those experience first?