Hi Andrea, great post.I work as a virtual assistant with multiple investors (fix & flip + rentals) across different U.S. markets, and I’ve supported a few clients specifically in upstate New York, including the Capital Region.From what I’ve seen while underwriting deals, pulling comps, and coordinating with agents/contractors, Rensselaer County definitely stands out—but for a reason that’s easy to miss: good deals move fast, and bad deals sit.

Maybe you have more equity with two properties after year 5 and can pull money out in year 5-9 to buy a 3rd property. 

You’re basically pulling future depreciation into this year.Two things to watch:Make sure the rentals are truly rental activities for passive vs nonpassive rules — big losses don’t help if you can’t use them.Get the study done by someone who actually knows residential rentals, not just big commercial.So: yes, you can do it now, yes, you can catch up, but no, you generally don’t get to go back and grab the old-year bonus as if you’d done the study in 2020.

Even with small scale BRRR (just cosmetic/slight functional updates), ability to refinance within a handful of years is extremely important to have enough equity to pull out and repeat the process.

Over the past three years, I’ve been using most of the major off-market techniques.One standout method has always been pulling data and feeding it into a call center to generate off-market leads.

I’d buy it if it were a good deal, it’s a bit small, so I tink you’ll pull a bit less rent than 700-900 sq ft houses, which there are a lot of in my area.

I'll touch base with you when I know for sure.If you come across anyone looking to sell or need to get out of a property that can't sell, but needs creative solutions--let me know. 

Open all outlets and pull out all receptacles for visual inspection. 

It is hard to pull off a BRRR unless you are an experienced rehabber who can get stuff done below market costs.

I only pull capital back out once the asset has proven stability, not just because the appraisal says I can.• Letting cash flow dictate pace.