@Andrew Postell
Thanks for the insight Andrew, with my understanding of the brrrr strategy I can buy my house with an Fha loan which I only need 3.5% down with. I will house hack by living in a unit for a year while renting out the other unit. (I would choose to live in the unit that needs most work) I now will have that entire year to do any renovations necessary. When I go to refinance the house it will appraise higher, I will pull out capital and apply it towards my next home as well as be able to recycle my fha into house number 2 while changing house number 1 into a conventional loan, and than repeat that whole process. This leaves me room for another property sooner because I am not putting down 10,15,20% only 3.5%. And sure I will pay pmi, but only for that first year on each home. Meanwhile it is giving me somewhere to live practically free or very cheap. It's about the marathon for me, and I've been advised to pursue this avenue by people with alot of experience. Dont get me wrong this is my first property so i have much much much to learn but in my education thus far this is what makes the most sence. The only part i wasn't sure about is the LLC because i recall Brandon Turner stating in his book on rental properties that an LLC is ultimately up to you in the beginning.
