You could still achieve the BRRRR method, it just wouldn't be with a conventional loan.

Such methods are inherently inaccurate so they'll either overstate or understate the reality of the property.

Further, MSHDA does yearly inspections, and the quality of the inspections are really hit and miss.

Owners of these are competing with too many better-quality offerings. 

There are a million explanations, but rarely do I find something more than an actual method for developing goals other than the "goals depend on markets".

In addition to the notice that is on the back of the application regarding "renting as is, no additional cleaning or repairs without written approval of PM" and other caveats, I also explain the actual process, basic factors for approval, the documentation they need to provide, cost and payment method for application and for move in should they be approved.If they have not followed all of the instructions, people with poor attitude and that are non-compliant are not a protected class  under fair housing, and they may be disqualified.

For markets that appreciate in value and rents increase annually those are good quality properties.

It made my quality of life better and I am not even exaggerating.My boookkeeping servcie has access to all my bank accounts (view only) and they reconcile accounts with income, expenses and credit cards.

I just wanted to pop in here and say thanks for such a detailed summary of your management methods.

I am looking at doing the Brrr method