Hey BP community,I am considering investing in a real estate developer using the Build, Refinance, Rent & Repeat (BRRR 2.0) strategy.

But guess what, rates WILL drop in the next few months/years and most markets will explode after that IMO.If I had 25K I would look into B or B+ (specifically with schools above 5 greatschools rating, and moderate to low crime rate confirmed by heat map and frequenting businesses there) areas within 25 minutes driving distance from my home for a SFH. 

Early last year, one of our borrowers, an extremely experienced rehabber who had recently been diagnosed with diabetes, informed us that he’d been in and out of the hospital so frequently that he wouldn’t be able to complete the flip we had loaned on as first position lenders.We were aware that he had borrowed an additional $110k from a second-position lender.

Our Frequent Users of Airbnb or VRBO discount was launched one year ago and because Airbnb is heavily based on reviews of both guests and hosts, we set the bar higher. 

I travel somewhat frequently for work during the weeks so also trying to wrap my head around how to best structure for that.Anyone open to connecting and / or have any trusted people to help in the event of maintenance issues?

Maintenance can also be a factor—while newer homes may require minimal upkeep, older units might need more frequent repairs, particularly for things like plumbing or HVAC systems.Some things to pay close attention to:Zoning and Permits: Check local zoning laws and permit requirements to ensure you’re allowed to place a mobile home on your land and rent it out.

Some go as far as saying that if you’re evicting frequently, something is broken upstream, either in underwriting, screening, or tenant relations.So here’s what I’d love to pick your brains on: Do you see eviction as a necessary cost of doing business, or do you think there are better ways to prevent it altogether?

I'm a CRE attorney based in Nassau County although I frequently work in the boroughs as well.

Read the NC general statute on wholesaling and ask frequent questions to the real estate commission.

Particularly for your first few properties, I'd highly recommend that you manage the property yourself (if possible), but that's usually only possible (or most effective) if you live near the property or visit it frequently.