Should you need a fund for your future deals, feel free to DM me.

Back then, BRRRR worked because we could predict future outcomes with some certainty—what a property’s value would be post-rehab and how the refinancing terms would look in 6-12 months.

In our observations it's because most tenants live in the moment and do NOT prepare for the future.

Hi,People always talk about how they purchase a rental property, wait a few years for it to appreciate, do a cashout refi to recoup their initial down payment, then whatever they earn in the future is infinite return.But in reality, how is this truly a "recouping of initial investment" when you have to pay a 4.5% interest to take out the cashout proceeds (with $3000-4000 of closing costs on top)?

Most of the deals I've done, and likely the ones I'll will do in the future, have been funded by HNW investors, by choice. 

This is also gonna depend on how strong the buyer is financially if its even possible for them to pay the difference.If you get multiple offers on a sale in the future and the price goes over asking, make sure the offer includes some type of language waiving a portion or all of the appraisal gap.If you tried to fight the appraisal already and didn't get anywhere, you don't really have much recourse.

Do you have any current/future investment opportunities Sam with Whitehaven?

The PO Box mainly won't get used but in future I plan to use the address with any tenents.

Going forward, what is the best way to structure the partnership so we can 1031 exchange in the future?

Additionally, for each existing and future Illinois investment property, I intend to:- Deed each property into separate Land Trusts.- Establish an Illinois LLC that will be taxed and will own the interests in the Land Trusts for my Illinois properties.- Set up a new management entity taxed as a C corporation, which can be fully owned by my revocable living trust.