I work primarily with investors focused on short-term rental–friendly oceanfront properties, and something interesting has been happening here:Many of my clients are applying a modified BRRRR strategy to dated oceanfront condos — essentially:Buy older, underpriced units in established resorts → Renovate to STR-grade finishes → Rent on Airbnb/VRBO → Refinance after 12–18 months based on new income comps → Repeat with equity pull-out capital.Even though condos can be trickier with financing and HOA dynamics, the math has worked surprisingly well when:The HOA allows STR operations.Renovations target higher ADR and occupancy.The appraisal reflects short-term rental income rather than long-term leases.I’ve noticed this approach works best when you treat each condo almost like a “micro–multifamily” — tracking cash flow, management efficiency, and appreciation just like you would for a small apartment deal.Curious — has anyone else here applied the BRRRR method to condos or coastal properties instead of single-family or multifamily units?

Listing at the end of the year definitely has some quirks, but it’s not all bad.Pros:Less competition — fewer homes hit the market around the holidays, so your listing can stand out.Buyers looking in December are usually serious (relocations, tax timing, year-end closings).Contractors and stagers are easier to schedule right before winter slows them down.Cons:Foot traffic slows — fewer casual buyers touring.Weather can kill curb appeal depending on your market (gray skies, snow, etc.).People mentally check out around Thanksgiving through New Year, so marketing has to work harder.If you finish rehab by end of November, I’d list right away.

I would say that's pretty easily attainable. 

Both tend to be picky about renovations, so make sure the finishes are dialed in before listing.

Verify local rules on occupancy and parking, budget for durable finishes and annual turns, and partner with a PM experienced in student leasing.

A good flip might bring in 10 to 20 percent profit after all costs, while a rental can earn you steady monthly cash flow plus long-term equity growth.Start by focusing on learning how to analyze deals like what the property will cost, what repairs will run, and what it will sell or rent for when finished.

Congrats on finishing it up!

I plan to finish it in 6 months.

That tells me what the finished product could actually sell for — my “true” ARV.3.

Hey everyone,I’m comparing two 3-unit properties in Chicago and could use some insight from local investors.Option 1 – South Side (near Woodlawn area):Priced around $830KModern finishes, newer construction styleCurrent rents around $2,195, $2,000, and $2,000The area has a lot of new developments and new 3-flats going upMy concern: with so many new buildings being added, there’s likely going to be more rental competition, and property taxes may jump once reassessments catch up to all the new construction.Option 2 – Pilsen area:Priced around $735KAlso modern updates but smaller units (two 2-beds and one 3-bed)Taxes are currently low, but likely because the property hasn’t been reassessed since the recent renovationsThe area feels more established, with strong tenant demand and characterSo I’m weighing the growth potential and higher risk in the newer South Side market versus the more stable rents and potentially upcoming tax adjustments in Pilsen.Would you lean toward the newer-construction area with possible tax jumps but longer-term appreciation upside, or the lower-tax, established neighborhood that might get hit with reassessment later?