@Sam Hudacek the problem with this method is that the people you want to reach out to down the line won't pick up your calls!

This is why people don't like renting to friends/family because its human nature to mix emotion into the decision making and that makes dealing with managing the investment messy when things go sideways.

The main thing that has held me back in the past is that my income can sometimes be turbulent with the nature fo work I do. 

Your method of determining ARV4.

Anything can happen: the market can shift, we can go into another extended lockout period, the property can be destroyed by a natural disaster or by vandalism, the list of contingencies is endless.

When you make unfounded claims about fraud, incels, or Ponzi schemes, it reflects more on your lack of understanding than on the integrity of the Gator Method or its community.

He had some kind of beef with the SEC over some kind of investment deal or something like that, but he is a legit real estate guru and his methods align with how I got started, minus a rich father in law to help finance things.

Hi Everyone, I"m new to Bigger Pockets Pro and looking to start investing in rentals using the BRRRR method.

@Beth Julen  Yes, you can amend your return, but you also have the option to file an automatic change in accounting method using Form 3115, which does not require amending any returns