It is my understanding that there are plenty of people implementing this (BRRRR) strategy using financing on the original purchase (not buying all cash).The following hypothetical numbers outline my understanding of how this might work:Purchase Price (-20% below market): $80KMarket Value: $100KCash Down (25%): $20KLoan Amount: $60KRehab Needed (loaned): $10KAll In Cash: $20K  (down payment)Total Loans: $70K (purchase + rehab)Total Into Property: $30K (down payment + rehab)ARV: $130KRefi @ 70%LTV: $91K$60K pays off existing loan, $10K pays off rehab loan, $21K is your cash out plus maybe part of the refi closing costs, which covers your down payment.Sound about right?

Originally posted by @Sean OReilly:...can be good opportunities for me to go in, lower rent and recover utility costs  My first impression is that this will be a break-even (- lower rent, + utility billings), and that you will not get paid for your development and implementation costs. 

the NCND if implemented and end buyer breach the agreement it will cost him/her a lot of money which will equal to 20% of his price was paid for the deal plus all legal fees.PLEASE TELL ME WHAT YOU THINK ?

I'm very excited and honored to be a part of this community.I'm new to real estate investing and currently focusing on specializing in wholesale/assignments, and want to implement other real estate investing strategies in the future such as:*owner financing (3 year lease to own, followed by a 30 year mortgage)*buy/hold Etc.I am also looking to network with real estate investors as well!

Utilities companies get paid for providing these services and need to implement a process that prevent them from loosing money. 

I might implement a $150-$250 policy with my next tenants.

I hope the implementation is simple enough for use by all.

I have implemented both philosophies simply by going through the debt snowball in my personal finances but using leverage(debt, or others people's money) for investments. 

Listen to the podcasts and participate in the forum posts.To better understand how everyone can help you, please, if you don't mind, explain a little about your:  goals, plans, self educating you have done, how you plan on implementing your strategy in wholesaling, and the cities you are looking at.Good luck! 

There are a ton of good approaches to building a Buyer's list, and you should implement multiple strategies.