Now if you have an infinite number of these houses and the time to flip.

@Peter Lowenberg Not clear if you are planning on working probates in your home country or market in the states.As to sample letters, you can go the easy route and find off-the-shelf others have used by searching in this site, as one (free) option.

There are infinite things you can invest in- but it's hard to beat real estate.

Let us know if we are missing anything.Your IRR is infinite.

I am aware there are infinitely creative ways of financing given enough time and effort, but I feel the options available to someone who has no steady income seem too risky and cut my margins for error more than I would like.

I happened to be installing shelving today and I like to stay away from the the plastic shelf brackets that don't always land on a stud. 

@Jon Quigley 10 is the max however it's not your ceiling for single family property if you have a loan officer that's knowledgeable about how investors structure their loans, your limit is pretty much infinite.

The tenants were thrilled.My issue was that I bought the house and somehow overlooked the fact that the fridge was missing a shelf and drawers.I have never in my life seen a fridge need repair.

You can also obtain conventional or private financing with a TIC.BRRR isn't completely explain on the financing side, conventional loan cash out refis will drop or your LTV will drop as the number of properties you own goes up, it's not an infinite solution.

So much competition and the inventory flies off the shelf.