Hello Everyone, I'm looking for some advice on how to get started with real estate investing using the BRRRR method with $50,000 to start, particularly in Birmingham, AL.

Granted, I didn't pay for them so maybe my palate was skewed a bit as those that were sharing - I had several hard core collectors as customers turned friends -  they were often proud to share the price and method of obtaining, but I just don't feel the cost was worth the taste.

(There are other ways to obtain/develop that evidence - such as using certified mail or my “practical advice” below.)In your case, because your friend found the letter inside the mailbox of the last known address, you now have specific evidence of having mailed the letter “…by first class mail, to the tenant's last known place of residence” - “Unless other arrangements (had been) made in writing by the tenant…”Again, in my (non-lawyer) opinion, you’ve complied with the letter of the law as to your concern - “Unless other arrangements (had been) made in writing by the tenant…”[Practical advice: Where I self-manage, in my “Notices” section of the lease, besides my physical address, phone numbers, etc for notices to me, I provide two email addresses for myself, and state in that part that email is my preferred method of communication.

Morby Method-I found a duplex that the seller is willing to do the morby method with me.

If you have an installment sale, report the sale under the installment method unless you elect out.

This was the easiest way for me to get into real estate and determine if this was something I wanted to pursue.

@Keith CuddebackIn addition to the methods already mentioned for finding the outstanding loan balance of the primary mortgage, you'll also likely want to determine if there are any other loans/liens attached to the property that the seller will need to cover/pay off before they could transfer title to you.

Purchase price: $300,000 Cash invested: $70,000 Sale price: $450,000 BRRR method using an STR property that has projections in the 75k gross rangeUPDATE -- did rent well.

In your experience, how does creative financing impact the loan approval process compared to traditional lending methods?

HERS rating including DLTO calcs are the method to understand the envelope.FWIW residential HVAC industry is way behind the times.My only suggestion for the final question is be Polite, Professional and Persuasive.