I went from 5 rentals to 19 during that time.I know others who are much better at systems, networking and controlling rehab costs than myself who scaled much larger, much faster, and never ran their own marketing.Hopefully this context helps.

It reminds me of the Gozone Benefits not sure Michael if you were in practice then.. but that was the post katrina And in the zone if you bought new construction for investment purpose or your own use.

However, in practice, lenders rarely enforce it as long as mortgage payments are current and there’s no added risk for them.If you want to avoid triggering the due on sale clause, the safest bet is to wait a few months after closing before transferring the deed to your LLC.

Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.

It is best practice to wait 6 months and most lenders won't and shouldn't do it before then. 

Given that the house is paid off but has $27K in back taxes, you could offer to cover those taxes upfront in exchange for favorable terms on the remaining balance—like low (or no) down payment, and small monthly payments.You could also negotiate for a subject-to deal where you take over the property subject to the taxes, while still securing control of the property for your BRRRR strategy.

I'm not too worried about overpaying, just about getting bad value, or worse yet, bad practices.

The agreements I've seen basically say you are guaranteed nothing, you could lose all your money, you might not be paid on time or ever, you can't rely on any representation made by the GP, you have no control over the operation and other terms and disclaimers to that effect.

If you are out there finding the projects with the sub 70% project cost to ARV the difference between 11.25 and 11.99 is neither here no there.I been at the practice of setting networks up now for two years. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.