But overall if you're planning to build new and can make the numbers work in year 1, it's almost guaranteed to be a success in the long run.

If you are going to be doing all the legwork, guaranteeing notes and have the expertise to execute and all you need is capital, one of the first two options might be your best bet.

I guarantee there are rental properties in those cities or towns.

I'm also surprised they aren't requiring both LLC members (owners) to personally guarantee the loan.BRRRR's can work with any interest rate, obviously harder to see good cash-flow right off the bat with rates where they are BUT in the foreseeable future you could refinance to a lower rate.

Sounds like a hard money lender that wants to take a property from you when you default.There's a lot of issues here starting with a guy that will loan you money and once it gets difficult wants you to abandon ship- red flag.There are a lot of unknowns here but trying to dump it seems like a 100% guarantee to lose money.

Get a high lease price or profit sharing, due to the extra wear and tear.Make sure they are licensed and insured and local.Get a personal guarantee outside of their LLC name.

Section 8 can be great for a few reasons, you get guaranteed rents, the tenants want to keep the benefits so they generally take care of your property.

If you need money for renovation then maybe your brother is a debt partner and you give him a guaranteed return.

You have guaranteed payments coming through and you can allocate your rehab dollars and buying another property on top of this one.

I used to think that Section 8 was guaranteed income for Landlords, I neglected to think about the Loafers who still refuse to pay their half or percent, thanks for the lesson!