1) I'm a bit biased, but i recommend you reach out to a broker that specializes in these loan types. you'll find that there's a broker/ mortgage lender on just about every street corner, but many of them (i'd venture to say even "most" of them) stick to the cookie-cutter type loans, and don't have a good understanding of the investor side of things. there are lenders tailored to your BRRRR strategy. you won't find them by calling up Loan Depot for example, and many Loan Officers will try to fit you into their box.

Most lenders simply want a portfolio of "safe," cookie-cutter loans.

But, this type of situation may create more opportunity for an investor, since it is not as cookie cutter as many investors would like and they may not be able to recognize the nuances or opportunity with some deals.

These last two houses are what I consider to be very desirable rentals for long term buy and hold (even though that is not our strategy - it is our back up plan) - good school district, newer construction, in "cookie-cutter" neighborhood. 

@Kyler Cook    I am against the use of the term "passive" income when describing real estate investments, especially residential rentals. 

This land has gas rights attached..it's how the fiasco started... lease is already in place, and I can't remember if drilling has begun. (2006)...I also worry about the TOO MANY COOKS, especially if none of the cook is in RE.. they are working professional like dr. and lawyers etc.

. :)  even though I sold it for just under 525k in 92 and thought I was the smartest cookie in the box.. look what happened.. even though I was in the business ..

The previous owner solved the problem by lining the crawl space with cookie sheets...how novel! 

Quote from @Tim Cook: Is it okay to invest in single family LTR deals that break even?

The same cookie cutter place to stay that any other person that wants to buy in that building can offer.