People in the early phases of any startup often find themselves the target of a lot of unsolicited advice.

You can build in phases and only do a loan for one building at a time.

However, being in the “accumulation phase” (early 30s), I figured I can sit on the 30 yr notes and let others pay them off.To tap into the appreciation equity I have opened a HELOC out as well, but really haven’t used it.I was considering putting this money into one of the online crowd-funding syndicates at a higher rate 8-9% and aiming to generate a paltry 2-3% more than the HELOC rate.

@William Huston  The FL market as a whole is hot spot. it is only normal that in this Phase of the cycle it is hard to find good returns.good on you for making 41 Offers! 

We have an idea, and are at the phase of market research and POCs.

I never considered the holding costs, which I am assuming to be any costs associated with holding the property for whatever time period needed to season prior to the Refinance phase, such as interest on borrowed cash, mortgage payments during rehab, etc.

We're in the saving phase and we're about 1/2 way to having a nest egg of 6 months of expenses.

Were in different phases of life as well.

Phase 1: BRRR House 1 PurchasePurchase Price: $76,888Closing Costs:    $ 4,690Total Initial Investment: $81,578Phase 2: RenovationsReno Budget: $25,000Phase 3: RefinanceAfter 1.5 years of slow renovations the house was appraised at $175,000.Existing mortgage balance before refinance $61,5000Refinance Mortgage New Amount: $105,000Cash Out In Hand: $39,700Phase 4: Purchase Another House - BRRR2Purchase Price: $120,000Down Payment: $24,000Closing Cost: $5,500Total Initial Investment: $29,500Phase 5: Rent BRRR House #1Mortgage: $657Insurance: $75Total Cost: $732Monthly Rental Income: $1,450Monthly Passive Cashflow: $718**** I was really lucky with getting $1,450 as the monthly rent, was really expecting $1,300.

good luck for next phase. keep posting updates