For your first BRRRR, plan for extra in your rehab budget—unexpected costs happen.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I paid him the normal closing cost, a few $ grand in fees, and a slightly higher interest rate than I might could have gotten conventionally. 

I'm thinking of doing this myself and trying to determine what this is going to cost me.

The costs are not trivial, but they are less than you would pay for a nice used truck.One of the main reasons I am considering this route is the leads that are provided.

I predict that the substantial home price cost savings and greater control they enable the buyer to have will make them grow in popularity.

Note that legal and transfer costs are not deductible but can be added to your cost basis.

From my experience, mentorship can provide structure, accountability, and networking opportunities, but it often comes at a high cost.

Pro tip - Home Depot has a tile from Ivy Hill that looks exactly like Zellige for a fraction of the cost.

All in one closing so the costs are minimal.