My partner and I are purchasing our first property and intend on utilizing the BRRRR method.

Many investors use this method or similar to get going.  

If you still have some gain on a 250K single situation you can explore Opportunity Zone options since that is the only possible way I know of that you might be able to retroactively exclude gain. 

👏 What method did you use to locate the landlords?

wholesaling you dont know anyone I would urge you to explore either being an agent or an agent on a top producer team.. your thought of retiring on cash flow while that is pert near everyone on BP s goal it is rarely achieved in reality. 

We have a decent amount of capital and a few HELOCs available to be aggressive on offers however, we keep getting beat out by all-cash offers where we are just out of reach.With that being said, we discussed exploring the option of hard money or private lending as all of our other properties we have used our own capital and conventional loans. 

We are talking about switching up the game plan a little and using the BRRR method. 

I'd like the first property to be local (within 60 miles of Houston MSA) to get my feet wet before exploring Texas as a whole and beyond.  

This along with what I said above, is probably the best method to do this.

Investors have to understand why they're investing with a particular company or method.