I often read bits and pieces of all of these books to refresh concepts and also to help re-enforce the wealth building mindset. 

Hello BP military community! I am VERY new to the community and this is only my second post but I wanted to get some feed back on my current plan. I am a Marine stationed in Hawaii and I will be PCSing in about 6-8 mo...

Wingfield I am not too familiar with this concept, however, I know that my area (San Diego) is supposed to benefit from this.

I understand the general concept but I am not comfortable enough yet with the details to accurately explain the positives and potential negatives to my client.

So what I am asking for is if you were looking for a mentee or interviewing one, what would you look for and what type of questions would you ask to see if this guy is serious and knows the concept behind Real Estate deals and a certain niche he decides to attack. 

The one thing I see routinely across "young" investors is they don't have a concrete plan founded on fundamental concepts...there are 1,000 ways to make money in this industry...and a variation of each of those.One piece of advice would be to learn OKR's...build this into the framework of your business...there is a learning curve, but you guys will pick up fast.Best of luck! 

I understand the general concept but I am not comfortable enough yet with the details to accurately explain the positives and potential negatives to my client.

As you post more, you'll get best responses from being in the best suited forum/sub forum.To answer your question, yes thats the basic concept of how BRRRR works and the deal would make sense, at least to me, assuming you calculated all the costs correctly (purchase, rehab, closing and carrying).

I love the concept of BRRRR and just became interested in the STR space so it was nice reading about how you managed to successfully execute on both strategies in one.

Fannie Mae also has a renovation loan as well (minimum 5% down if your primary home) but the concepts that were spoke on here were right on.