I also would like to get into the BRRRR method.

You speak correctly that "anything is probably possible anywhere but highly unlikely" to you.You are also answering a question that wasn't asked.

If these strategies do work, what types of deals or financing methods are commonly used?

When we say doing the due diligence while choosing the REA, for new investor, it would be believing them whatever they say or promise even if you ask correct questions. 

Correct?  

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.

A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

Seems unrealistic. however, if you are correct, why not sell some assets to get your debt within control.

@Selali Kalevor 100% correct - except outsourcing PM work for only $25/hour. 

That would mean in so so years networth would increase by $600K if my maths are correct lol.