I would be careful attempting the BRRRR method out of state to start.

I usually will say who referred me to them and say that they are a friend, neighbor, family, etc and will then ask what their lead times usually are for work to be completed, how they communicate, are they comfortable working with me being out of state, how do they collect payment (terms and preferred method) and do they offer a business rate?

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

@Gary Hurst Brilliant quote

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

It looks like the process in Miami-Dade County (MDC) is quite different, with apparently judicial foreclosures being the predominant method for power of sale enforcement.

@Anthony DelVecchioTo house hack a property, rent it out after the first year, obtain another FHA loan if necessary, refinance the FHA loan into a conventional loan, use a conventional loan for subsequent properties, and repeat the process to acquire additional properties, diversify financing methods, consider different property types, leverage equity, and network with real estate professionals.Good luck!

I am paying them 500 a month untill i pay them off. 2 years max.that is why i am looking at refinacingYou can look into a creative method called Gift of Equity.

Assuming you are keeping them, you'll want to familiarize yourself with the BRRR method--both in terms of concept and actual tips and traps.

They filed complaints with the city between court dates to keep things pending and they used any method they could find to cause continuances.