All Forum Posts by: Aron Ost

Thanks @Patricia Steiner For your response, you seem very knowledgeable in the area of Tampa and very involved in the forums, though I would like to know if a deal as mentioned in my question above was possible, as well as the expectations of repairs, management, vacancy, and longevity of tenants in the Tampa area. Please comment if you have any insight on these that way I can make an educated decision.

Hi BP Family, 

I'm newbie to BRRRR and out of state investing. Based on what I heard in podcasts and on this forum, I have an interest in Tampa, FL because of it's strong cash flow and potential for growth.

I have approx. $100k available for cash purchase and renovations. Looking for for the following scenario: B class neighborhood, purchase price of $75k, renovations of $15k, ARV of $120-130k. Approx. rent - $1375 per month (no HOA).

My questions are as follows: 

Are my expectations reasonable for Tampa FL?

Any recommendations for an appropriate realtor/wholesaler?

Any advice on how to manage construction project from out of state?

What is the standard management fees? recommendations?

What is the expected vacancies? (I saw on a management website that their listings were vacant for 2+ months)

What is the expected longevity of tenants?