There are also some unique medium term rental strategies that can be implemented in bigger cities throughout the country.

Trying to get into the nuts and bolts of how he was trying to source a location, project size of preference, what type of financial modeling he does, what kind of tenants he was hoping to attract/the strategy behind it, if he was doing any joint ventures or had done any in the past, if he had taken part in any syndications, what management strategies he was implementing with his current properties to maximize lease uptime and profit, what types of leases he generally favored contracting for his properties--all of that was like pulling teeth.

Systems: Implement efficient systems for property management, financing, and deal analysis to streamline operations.Best of luck with your property in Dallas and your scaling journey!

It may be beneficial to defer implementing the cost seg if you are anticipating your rental classification may change.Consult a tax professional to tailor the strategy based on your long-term investment and income goals.This post does not create a CPA-Client relationship.

If you're still shopping markets, I'm happy to set up a call to discuss how Memphis could be a good fit for you depending on what strategy you're looking to implement.

If any investors have tips or advice on successfully implementing the BRRRR strategy, it would be much appreciated!

FEMA implemented Risk Rating 2.0 in 2021.

@Ken AlmiraThe market you pick will really depend on your long term goals and the strategy you decide to implement.

There was new laws implemented in 2024 for CT, so wasn't sure if anyone from BP has reviewed that and updated the lease? 

Thanks that's some great info I will implement moving forward.