My wife and I are in the Atlanta area in search of our third rental property and we are super excited about the idea of starting a co-living strategy.

I look forward to fostering a growth in knowledge, understanding, and connection by utilizing the tools and resources provided through bigger pockets.Thank you for your time,Brian Luter

Purchase price: $110,000 Cash invested: $60,000 Sale price: $225,000 This property has 2 units and 2 storage units creating 4 income streams.

By year 10 the higher cost area is likely to have had the better initial value add, the better cash flow over the hold, and the better appreciation.BRRRR is meant to be a long strategy. 

Sounds like the general consensus is Chase 

I bought my first house 2 years ago for 255k 20% down at 6.375% APR.

We have simple water meters that automatically log to a cloud database and generate a water bill directly to the tenant.

No issues and tenants are renewing.That indicates tenants were paying below market rates.If the market rate for a 2-bed/1-bath apartment is $1,000 without utilities included, then he should adjust his rate to $1,100 because it includes $100 in utility cost.

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

I'm a real estate investor in other parts of the country but not NY due to the extremely high buy in price.