He utilizes the floating payment method so he isn't using any of his own money.

However, this method often fails because it doesn't account for operating costs.

I currently own a SFR in Houston which is managed by a property management company. But I recently purchased a triplex in Tucson, Arizona, which I plan to manage from out-of-state. I currently live in the Los Angeles ...

Appraised value is going to look at comparable based on distance...while the market may value 2 properties, literally across the street from each other differently by hundreds of thousands of dollars.Investors for decades that do cash out refinances, or BRRRR as we now call them, have known this for decades.

The BRRRR Method is really designed for this - I'd recommend buying the "BRRRR Book" in the BP bookstore and following that strategy - it basically outlines this exact gameplan in the opening chapters

You can control a lot of aspects of the loan including LTV, length, type, and where to deploy the funds (BRRRR, flip, new construction).

I aspire to connect with others and gain knowledge about the BRRRR strategy and multifamily investments.

That's why I do "constructive evictions" which includes a variety of methods like asking, telling, threatening, starting the eviction but stopping it when the tenant leaves, etc.

Keep us posted on how your method is working.

I've gotten to know the syndicator, the methods and the underwriting used.