And many of my clients are taking on the BRRRR method. 

Try to put a bigger down payment in than you might need to give yourself some breathing room.2.

@Andrew Lanoie I apologize for my remark.But our investment is 40 times the monthly payment.

I do direct booking through the Houfy website, taking credit card payment by Square. 

They are short term loans, usually 6-12 months, high rate, interest only payments. 

I thinks what I’d prefer to do is use the BRRR method and have rental properties.

Local Investment StrategiesHouse Hacking: Given the affordable entry prices, Albuquerque can be a great place to start house hacking, especially near the university areas.BRRRR: For those familiar with the Buy, Rehab, Rent, Refinance, Repeat method, there are opportunities in Albuquerque to purchase under-valued properties, especially in areas undergoing gentrification.Airbnb/Short Term Rentals: As previously mentioned, the city's rich cultural appeal can make certain properties lucrative for short-term rentals.

Each has their own tax implications.There are some alternative methods of calculating how much of the distribution and therefore the interest expense falls under this category, but the bottom line is that it is very important to keep track of. 

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

Most mortgage companies will not call loan due if payments are current but you do run that risk and need to be prepared to payoff or refi at a moments notice.