It's a tough market for buyers, definitely a win/win for sellers. 

Most 100% lenders will lend at 100% UP TO 70% ARV, which is tough to secure.

Yes, tough for this to be completely hands-off since the bookkeeper will need feedback on transactions.

BRRRR is a grind and you can't do it using Zillow and email.here's what you will have to do to be successful:-you will have to find the sweet spot BRRRR deal - a house that is distressed enough for the seller to sell below market, but not so distressed that the rehab is impossible. these deals aren't on the MLS, and they are tough to find. how will you find one?

If it’s assisted living many are going broke because of covid and post covid some regulations in some states required social workers to have nursing degrees so their expenses skyrocketIf its 55+ community and rentals etc, they have been hit and miss like other real estate

Look, this is a tough business and getting deals is NOT easy as I'm sure you know.  

@Naomi Spira  not real tough to prove these are not valid arms length leases.market price is double leases done 3 days before foreclosure sale slam dunk

If I still pay $100,000 and ask the seller to pay $3000 in closing costs, that is not a taxable event"I'd be interested in hearing your support for these positions Greg, please feel free to cite your sources.If we use that line of logic, a worker for a car dealership can request a down-payment on a new car instead of compensation, and not have to pay any taxes. 

@Tom JimenezIt is tough to find good deals to flip in Sacramento but it can be done.

I have a client who does this model in oil fields in Texas and is making a killing doing it because they are so short in housing to place these oil rig workers.