Account Closed This is a very thorough write up and I've had it explained to myself in similar fashion. 

Flipping is a bit fashionable now due to HVTV shows and such, but at the moment it can be a bit challenging to find a good property (e.g., one that has 15-25% profit in it).

If you have no real estate experience and no "VALUE" to bring to the table you do it the old fashion way.

Is it possible to practice the BRRRR in some fashion after acquiring a multifamily turnkey property by fiancing 80% turning around and refinancing tlo pull out the money and buy another property?

I am not a lawyer and I do not play one on BPFSON, Bigger Pockets Friends Soap Opera Network.You could also tell the friend and his mother to trying the old-fashioned way and settle this like they were a family.

the issue you have with small balance loans is you cant price them like larger loans.what the public does not quite compute is that a lender in some form or fashion needs to bring in 4k in fee's per file plus the interest rate.. so borrowers freak out. 

Fix things in a timely fashion.

I'm looking at building a commercial property, part of which I will use for another business that I own, the rest I plan to lease out to other companies/individuals.I had thought about buying and converting a building to fit my needs, but after doing research, I discovered that I could build a building to my needs for half the price of buying a similar sized building - and that's before factoring in costs to convert the building.So the question that I have for those who have built their properties is: Is there a guide or checklist that I need to ensure that I have things done in the proper fashion.

I'm recently exploring other alternatives to the old fashioned idea of work, save, buy, rinse and repeat.

You can use this to buy a property, refinance the money out and buy more in the same fashion (please do your research) and when you reach a certain level of cash flow that more than pays your bills then you could quit your job if you want to.