Questions for Better Due Diligence (Part 1)

[James Edward Laws Jr.]

(1) I've heard that it's possible to refinance a property under the BRRRR strategy in 6 months. Is that true, and how would one go about it?

(2) I've done several analyses through BiggerPockets and I run across the term "annual assessments" regularly. What is the difference with their application when making a decision as to whether I want to fix and flip a property or use the BRRRR strategy?

(3) What time frame do we go by on prepaid property taxes? i.e., if I purchase a home for a flip, and I expect to finish it in 6 months, do I pay 6 months of prepaid property taxes, or a full year?