However, the rent-to-price ratio is typically lower, so your cash flow may be slimmer.Pros and Cons:Turnkey RenovatedPros: Lower cost of entry, stronger cash flow, historic neighborhoods, typically better ROI on paper.Cons: Older structure means more long-term maintenance over time, even if major systems have been updated.New BuildPros: Virtually no maintenance early on, modern layouts attract higher-quality tenants, potentially better appreciation in newer communities.Cons: Higher prices, often lower CoC returns, and may be in HOA areas with restrictions.Lifespan of Renovated Properties:If done right, a fully renovated home with new roof, HVAC, plumbing, and electrical should give you 15–20 years before major CapEx needs pop up again.

When things do not go right (which happens on virtually all large BRRRRs), I am ready to perform heroics to get things back on track.  

We spend thousands of dollars per month on fraud detection systems and they are virtually impossible to catch without them.

In virtually all southern CA cities, the cost added is less than hands off grounds up ADU addition.

And yes, so much of this can be done virtually now, which is a game-changer for remote investors.We’ve worked with a few investors doing something really similar: they’ll send over listing photos, floor plans, or even just a walk-through video along with their goals.

I suspect virtually all non commercial MF purchased more than a couple years ago to fall between these 2 numbers.There is poor correlation between initial cash flow and actual long term cash flow.

It is a three day intensive in Phoenix, although they did have a homestudy course, and of course during the Covid had some virtual as well.

Hello BP,I'm curious if I should continue to use a CRM or should I use a virtual assistant (VA) as well, I am currently using a 3 touch campaign with a CRM (Post Cards, Ringless VM & Email etc..) however, I've just discovered there are VAs out there that can do most of my wholesaling task (cold calling, comps, list building, negotiation etc..).

Every once in a while, we do a virtual call.

In one case, I bought a property sight unseen with only a virtual tour because it was fully occupied and hard to show.