Hello,
I just purchased my first property. It is a 1,500 sq ft, 3-bed 1-bath with an unfinished basement.
Is there anything I can do with the basement to add value to the property?

Love that you’re already diving into BRRRR and exploring DSCR loans—I’m looking at those options too as I grow.

.* Property-management insight is a big plus (tenant market, rental yields, maintenance realities).My plan is basically BRRRR lite, if that's the right term.  

It gives you a solid foundation on the different real estate strategies (buy & hold, flipping, BRRRR, etc.) and helps you figure out which one aligns best with your goals and resources.Once you go through it, I’d also recommend checking out a few forum threads here that match your interest — for example, if you’re drawn to short-term rentals, BRRRR, or house hacking.

Do turnkey properties make sense for building a portfolio, or are they better as a stepping stone to something else (like BRRRR or small multifamily)?

Remember - if it is a BRRRR house, it's highly likely it needs repairs and possibly won't qualify for traditional financing.  

This property was in a bad shape and needed a renovation and we saw that we will be able to BRRRR it successfully as we did.

Personally I used a paid AirDNA account and then double check it using something like the enemy method.

There is no universal method, but how you want to approach it may factor into your investment criteria.

People discover BP and want to "do deals" regardless of the returns.Now, what I like about RE is that I can BRRRR, and also buy on seller finance.