While this doesn’t cut out the middleman completely, you can find excellent investment opportunities for flipping houses at a much better price than you’ll find on public real estate markets.

I tried to follow along with some other forum posts and youtube videos on how to setup an excel sheet for IRR

These are normally the same investors who are preparing 12 tab excel spread sheets for their $100k BRRRR single family’s…..yeah they’re over compensating. 

You raise some excellent points regarding DSCR loans and the broader economic context.

To get pre-approved for a loan, speak with a mortgage lender, research neighborhoods that fit your budget and lifestyle preferences, and consult with a real estate agent.Good luck!

Hey @Jim Blumenthal, That's an excellent question but, unfortunately, I don't have a bulletproof reply.

If you have a lot of capital already, a solid income coming in elsewhere from real estate, and want to minimize your headaches / downtime to get a property, than I would say this strategy fits. 

There is no 1-size-fit's-all, it's about your personal "zen".

But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.

YES, you can transition from new copper to old galvanized, but just be sure the plumber uses the right fittings to prevent corrosion.