I don't think you are fully comprehending the BRRR method, yes it's more capital upfront but your are pulling it back out.

Which is pretty easy to comprehend and so possible to forecast.

Ok I may be over analyzing this situation but just trying my best to fully comprehend and understand the process.

@Jared Vidales , I find it hard to comprehend how a flooded home in Houston needs 5-10k in repairs.

So, I stumbled recently on a BP podcast that pointed me to a Real Estate book that I began (listening to) and soon realized, It was way ahead of my knowledge and I just couldn't comprehend it.

Since I've been to the seminar, I've now seen foreclosures on websites tauting prices of a few thousand dollars, heard about short sales and REO's and I don't know what I need to learn or know before being able to capitalize on those deals or if I'm even comprehending what I'm seeing properly.I talked to a guy local to me that offered to help me get started in investing but it became apparent to me that he was well seasoned in property rentals but really didn't know much about the other ways of making money in Real Estate which I'm MOST interested in for now.Any help or pointing me in the right direction is appreciated.Thanks!

I am assuming the owner will not comprehend any of this being in 80s, and never having paid any taxes on it (40 years!).

Even if you don't comprehend it the first time, things will soon click after numerous encounters.You don't need to be an expert in the beginning, although it wouldn't hurt to be.

Worth it for my daughters to not to be over developed at young ages from all of the growth hormones.

Part of my confusion was me trying to comprehend this hairy situation late at night after a long day.