1) I'm a bit biased, but i recommend you reach out to a broker that specializes in these loan types. you'll find that there's a broker/ mortgage lender on just about every street corner, but many of them (i'd venture to say even "most" of them) stick to the cookie-cutter type loans, and don't have a good understanding of the investor side of things. there are lenders tailored to your BRRRR strategy. you won't find them by calling up Loan Depot for example, and many Loan Officers will try to fit you into their box.

Most lenders simply want a portfolio of "safe," cookie-cutter loans.

But, this type of situation may create more opportunity for an investor, since it is not as cookie cutter as many investors would like and they may not be able to recognize the nuances or opportunity with some deals.

The big Rig drivers call it "Shakey-Town" for a reason.You might want to Google pics of the Northridge Quack from 20 years ago in LA.A lot of brick buildings had a rough time of it.

The system itself is "rigged", in many ways but just keeping this to the founding premise, it's not designed to be an accurate reflection of values, it's designed for trading, by traders, for trading sake. 

These last two houses are what I consider to be very desirable rentals for long term buy and hold (even though that is not our strategy - it is our back up plan) - good school district, newer construction, in "cookie-cutter" neighborhood. 

As vinyl goes, it's pricey, but it's easy and seriously fast to do the labor yourself--you don't need any tools other than a square and a box cutter--and in the future if something happens to a square, I can replace it easily with one of the extras that I stored.

The situation at auctions isn't as rosy as it seems with bid rigging and fraud openly taking place.

Also there is a weekly meeting there in Jackson called the RIG meeting highly recommend you go to that all the local players go to that meeting you will learn more there in a few meetings and anywhere else.

The same cookie cutter place to stay that any other person that wants to buy in that building can offer.