There are many reasons owners are selling STRs right now, but one of the primary ones is that many buyers were originally presented with revenue projections that have since changed significantly due to market conditions.

Especially since he didn't know anything about plumbing when I asked him some basic questions...I wonder if they were going to try to use him to get a discount on rent for "repairs" he did....Anyone ever seen anything like this???

Are you planning to finance this project or use cash?

I would select a market which has strong rental demand and affordable entry costs like TX, then I would calculate basic deal metrics which include cash on cash return and monthly cash flow before I start my advanced analysis.

I wont lend on Foreclosed property but would provide lending to an Investor after they purchased it and the Deed was recorded and property could be viewed, basically refinance the Investor out. 

The strikethrough pricing makes that visible.THE BOTTOM LINEPrice Labs handles the basics.

The rehabs are similar but the approach is different.When I started BRRRR’g projects I tended to do them as if it would be a flip.

Be EXTREMELY CAUTIOUS underwriting the rental projections based on the HUD website.

I’m a licensed NC Realtor and General Contractor working primarily on investor-driven residential projects, including infill, redevelopment, and ground-up construction.I respect the approach of giving sellers clear comparisons between a cash disposition and a traditional MLS sale.

Is it just me, or is real estate prices in FL too high to turn any sort of positive cash flow while projecting conservatively?