Next step: decide flip vs hold by running a DSCR-style calc with 5–10% expense reserves; if it’s ≤ zero, take the flip profit and hunt a stronger BRRRR.

Lower taxes, more landlord-friendly laws, and plenty of value-add opportunities.Both markets can work really well — it just depends on your personal preference and what kind of investing style fits you best.

I'd check the water shut off valves (under sinks) - if they are "old" knob style, id try to turn them to shut off the water and see if they leak (they do tend to do it over time) - replacement can be costly because it will require water shut off to the entire building (unless you have the individual main water shut off) - it will have to be done thru HOA, increasing cost. 

Most are single unit condo style, and one 4 unit building. 

Others look for BRRRR-style projects (buy, rehab, rent, refinance, repeat) to recycle their money into multiple deals.You can also explore my Co-Investing Club, where members pool smaller amounts to invest passively in larger, cash-flowing real estate deals.

Some investors prefer simple debt-style funding with a fixed return and short timeline, while others take an equity position for a share of profits at sale or refinance.

My small true log cabin is higher per sq ft to insure than my 5,000 sq ft indoor pool cabins, made with log look concrete siding and monitored fire suppression. 

Hi @Nicole Boerema I think you'd be a good fit for my Co-Investing Club, which focuses on passive investing and syndication-style deals.

While also utilizing our internal software to help evaluate property value, rents, rent style (STR, MTR, LTR) check the cash flow ratios, plus the ARV potential including the cost of Reno/Repair.The pregame is what most lenders or brokers do not offer because it requires more time offered to the client beyond the 9am to 5pm employee.

Starting with a multifamily like a fourplex is a smart move because it gives you options—you can house hack by living in one unit while your tenants cover most (or all) of your mortgage, and at the same time, it sets you up perfectly to transition into a BRRRR-style model later.