They take forever but they are the proper way to go (from the start). 

And the answer here is that we ONLY want to work with lenders that use full After Repair Value right away.Part of the proper steps to a successful BRRRR is getting prequalified.  

But you should most certainly be interviewing lenders before you pull the trigger on a property to get the proper information on how they lend money.  

Hi Jean,Stock it with fish and have fun fishing all summer.Plant wild rice and maybe Ducks will show up--beautiful creatures to watch, and some people hunt them.Build a dock and toss in a small row boat....for romantic evening rides and something for the kids to play with.[1]>>> Have it tested for chemicals...some of these ponds have a years of farm runoff in them--pesticides and manure--it would be a shame if it's toxic.[2]>>> See if the sides go straight down (like a farmer scraped it out for whatever reason) and it would be dangerous vs. like a beach.Good Luck!

I think understanding how to properly estimate deals on properties (the BP Rental Calculator is a great starting point for this).

The time and money spent getting it cleaned up, and then properly screening and placing your new tenant might be a good move.

I'll send you a DM to give you the name of one of those I'm using, as you'll definitely need one, even if you work with an agent (for the record, I'm not being paid any referral commission).If you want to deal with a real estate agents in Mexico, make sure that they are properly licensed.

AS for asset protection depends on what type of assets you have to protect so on and so forth.Generally speaking on your personal resi good insurance and nice big umbrella will work 99% of the time.AS your estate grows for sure there are methods that will help you with Trusts being one of the better ones from what I have seenBut to do it properly is 15 to 50k and then you have yearly maintenance and such.. 

Try to get an idea if the current owner screened tenants properly. 

I’m starting this journey myself, getting funded 100k heloc next week and I’m on the hunt big time!