New Investor in MS Executing First Structured BRRRR (Section 8 Focused)

[Samantha Hagwood]

Hi everyone,

I'm a new investor in Lauderdale County, MS working on my first BRRRR. The property is a rural 3/2 SFR that's about 90% complete. I'm securing short-term capital (~$40K) to finish it, stabilize under Section 8, then refinance at 65–70% LTV.

ARV is supported by conservative rural comps (excluding city limits, distressed, and manufactured properties).

Estimated rent is based on FY 2026 HUD 3BR FMR ($1,204), modeling at $1,200 with a $1,150 stress test.

Plan:

• Finish renovation

• Pre-market to voucher holders

• Stabilize 2–3 months

• Refi

• Preserve reserves

• Roll into Rental #2

I'm here to learn from investors who've scaled in smaller/rural markets using conservative leverage and Section 8. Any insight on first-pass inspection success, DSCR refi timing, or reserve discipline would be appreciated.

[Drew Sygit]

Quote from @Samantha Hagwood:

Hi everyone,

I'm a new investor in Lauderdale County, MS working on my first BRRRR. The property is a rural 3/2 SFR that's about 90% complete. I'm securing short-term capital (~$40K) to finish it, stabilize under Section 8, then refinance at 65–70% LTV.

ARV is supported by conservative rural comps (excluding city limits, distressed, and manufactured properties).

Estimated rent is based on FY 2026 HUD 3BR FMR ($1,204), modeling at $1,200 with a $1,150 stress test.

Plan:

• Finish renovation

• Pre-market to voucher holders

• Stabilize 2–3 months

• Refi

• Preserve reserves

• Roll into Rental #2

I'm here to learn from investors who've scaled in smaller/rural markets using conservative leverage and Section 8. Any insight on first-pass inspection success, DSCR refi timing, or reserve discipline would be appreciated.

 Hopefully, you are rehabbing with "tenant-proofing" in mind and not like you would live in it!

Maintain to the Market!