More work, more time, more stress BUT more money! 

IRS audits and penalties: Studies that are poorly conducted may be full of unsubstantiated assumptions and errors that can lead to expensive audits and large financial penalties from the IRS.Long-term issues: Dealing with IRS audits and having to correct inaccurate studies can be a drawn-out, stressful and expensive process.

If you’re open to out-of-state options, Midwest markets often let you buy undervalued duplexes or small multis that cash flow immediately, making BRRRR deals smoother and less stressful.

Forcing a deal because inventory feels tight usually creates more stress than patience does.

It's high-stress and has many, many moving parts that must go perfectly right (contractors, lenders, appraisers).A more traditional "Small and Mighty" first step (and one Chad Carson often highlights) is a traditional Buy & Hold, or for you, House Hacking is a great start.My main advice: This path with the hard money lender can work, but it's a "swing for the fences" first deal.I hope your meeting went well!

You’re asking the right questions and setting realistic targets, which already puts you ahead of most people looking out of state.With ~$90k allocated to down payment, closing, and reserves, the bigger variable usually isn’t where — it’s how conservatively the deal is underwritten and whether the debt structure leaves margin after a stress test.In practice, I’ve seen investors hit your $200–$400/door goal more consistently by prioritizing:• boring demand drivers (jobs, population stability),• simple assets that underwrite cleanly, and• financing that doesn’t rely on rent growth assumptions to work.Curious whether you’re leaning more toward small multifamily or SFRs 

Charlotte is competitive, and deals that look fine at a high level often break once you stress-test rents, expenses, and capex under conservative assumptions.Before jumping into partnerships, it’s usually worth being very clear on your buy box, target leverage, and tolerance for execution risk within the exchange timeline.

This is up to 2024 data, but when I add 2025, Calgary is following the red, Edmonton the green, but I expect Edmonton will level off or decrease in 2026.

I'm told the smell frequency decreased to once a week after I poured water down the drain as a temporary measure 2 months ago and then after I finally got the water running in there again 2 weeks ago there hasn't been anything.So case closed, I hope.You'd think this would have been easily fixable months ago, but it wasn't.

How are you stress-testing your deals given interest rate changes and possible price softening?