His goal is to diversity his money as he's been very successful in another business.

We see a lot of our clients in Denver and Colorado Springs have success with either rent-by-the-room or some sort of basement apartment/ADU setup.

Trade some comfort for financial stability.Part of attaining financial success is being simultaneously optimistic and paranoid. 

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!

but it doesn't require me to make giant down payments that as @Joe Villeneuve is always rightly pointing out take decades to be paid back with that $37 a month that you net.Not sure how a successful combo of seller financing and BRRRR would work. 

Quote from @David Martoyan: Has anyone here successfully adjusted their strategy to focus on finding deals that don’t follow the traditional ARV formula?

When the success of the deal is based on paying someone elses note and generating income on the property.. there are going to be many many defaults by those who get into this with no real reserves and their tenant stops paying and trash's the house and the senior debt payments stop.. and or the rob Peter to pay Paul.. taking rent and not paying mortgage because its not in their name.

Management fees are steep, you're competing w/ bigger operators as well as mom & pop places - it's hard to get the personalized care needed, in my opinion, to be successful. 

As a newbie, I need someone to guide me from the beginning to try to avoid mistakes and hopefully be very successful.

Swanny (Michael Swan)OG Guest BP Podcast 238 Congratulations on the success!