With how tight the markets are across the USA I'd imagine you'd be looking for a needle in a haystack if you were trying to get a BRRRR so profitable that you were able to pull all of your money back out AND pay of a HML.

You are looking for a needle in a haystack. 

So to play in MFH in same market of opportunity means paying nose-bleed prices against other buyer's with no concept of cap-x, and having to compete against brand-spankin-new builds looking all shinny and with there assorted amenities like Top-Golf arena, pool, dog washing station etc.. 

While yes, you absolutely have to get those tenants gone before you take possession, you cannot , as some have suggested, just “lay down the law” like a hard-nose.

He is probably in a factory right now, working 3rd shift, dust and grease up his nose, let’s write a book with much reality, and give this guy a chanceThe game is not about Real Estate!  

At this point it's a bit like looking for a piece of Hay in a needle stack.

Period.Anyone can find and fix and even sell you a house these days.Not many can manage them well and honestly.So for all of you worrying about me or any other leader in the turnkey industry getting hit by a bus.It doesn't really matter if we do as long as there is a solid property management team in place with professional staff that can continue looking after your investments.The biggest and best turnkey companies in the country (We are still a tiny fish and no where near as sophisticated as some) have full blown departments with leadership roles and detailed processes, systems and manuals that probably work better when the founders and owners don't even get involved.This is something that we are striving for also.So for the time being, you will still see me poking my Dingo nose in everyone's business.I'll leave you with this:Have no fear, because my team is here.

(I personally hate loans but am planning to cash out refi some of my holdings if the market continues to nose dive and we have a chance of seeing crazy recession level deals again!)

A major part is that under 5 unit buildings are not subjected to rent regulations (for the most part).I also FULLY expect as the majority of Voters who are tenants will vote for their self-interest, which implies continuation of rent regulation laws or even enhancement of it.I think a RE Investor that can thread the needle in Rent Controlled Cities can be INCREDIBLY well rewarded.In fact, it's provides a very stable and consistent economic growth.

Good judgment is knowing when to pull out of a nose dive not just roll with it....and say "if I crash I crash"....Good luck either way