I'm obviously in the education phase right now and would love to set a goal to buy my first property in the next year, however, I'm going to be in school and won't have very good income in order to get a loan (I have the VA loan available to me).

I am really drawn to wholesaling and tax liens (still in the research phase)4.

Looking to do my first BRRR very soon...oh, and I'm also a Professional Engineer and posted in the commercial real estate forum about Phase 1 Environmental Site Assessments...so I could help out in that arena if anyone needs it....thanks!

He goes into great depth on the different phases of your business and where you should be focusing your time and energy at each phase.Hope this helps.If you have the ability to get 30 yr mortgage, then thats the correct approach for your phase. 

Allowance of $25,000 of passive losses starts phasing out at $100,000 of income

It takes time to review the financials, inspect all the buildings, the infrastructure, talk to the tenants, perform a Phase 1 ESA, discuss with the city any zoning / code violations or other chronic issues they see. 

These include loan payments, tax, insurance, utilities, etc ... incurred during the Rehab phase up until the property is fully rented.Jim you will find Cash Flow amounts are usually lower using the BRRRR strategy compared with normal Buy and Hold deals.  

@Chase Gu not yet  - I used to travel there for work a fair amount but I'm still in the exploratory phase right now. 

In a few years at the end of the build out phase for last few homes (stage 4) generally a lot of appreciation has happened.A home for 150's in stage zero might now be 200 in stage 4.  

I decided to stop lurking and become an active member.I am super nervous about this next phase in my life.