Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

Amateur GPs are normally NOT good at this and many have lost all their investors money. 

House has 4 car detached garage, had same tenants for 4 years now.

I am glad and fortunate that I am already well positioned with my RE holdings.Good luck ya know maybe the market is just normal and what was not normal was all those investors who jumped in 2010 to 2020 those were abnormal times.. prices interest rates.. maybe we are just back to normal ??? 

There used to be one, but normally people post questions in the larger groups and simply add the location (usually Canada or the province) to the heading.

Hello,I have a preapproval for 3% down payment conventional loan, as I own no property.Haven't found a house I like, I wanna be patient looking for my to live-in house, but I still wanna get a rental property where income covers all costs while looking for my own house.My question is, can I get a normal 20% down conventional loan for the rental, and then later I get a conventional 3% down loan for my house?

My question is, is this the normal way of doing a cash out refi for a BRRRR and pay closing costs twice?

A 3/2 with a 1or2 car garage is an idea in my area. 

Many people are suggesting to do a 1031 but have no idea what your gain / tax is(if any).Co-ops in the tri-state area 'normally' don't appreciate a crazy amount.The main reasons is the high monthly maintenance costs, over-leverage of the board, potential difficulty of buyers getting a mortgage and the approval process of the buyer.With that said, talk to your CPA to discuss what your gain / tax would be before thinking about a 1031 exchange.If your tax burden is low, don't bother with the 1031It may be possible that you have suspended passive losses to cover your tax burden.best of luck.

Or is this a normal thing that happens to every wholesaler?