Jimmy,You need to show (2) years of 1099 SE income in order to use FHA, or traditional financing to get approved for a mortgage.

We have done tons of non-occupied flips too (fast method).

Also, it often helps to connect with a local agent/do extensive due diligence on renovated/new construction properties to see what the property may sell for or appraise for (if doing BRRRR method) as that can impact the price you should pay.

STRs in Non-Traditional MarketsShort-term rentals in areas near universities or event venues are gaining popularity.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Any recommendation for the first steps I should take if I want to purchase my first rental property using the BRRRR method (or flipping).

As an investor your ratios won't look good to the traditional lenders.

That creates a compelling opportunity for investors willing to get in ahead of the curve.I’ve been investing there since 2019 and have built a 12-door portfolio primarily using the BRRRR method.

I've been thinking a lot about Florida and I believe it's a great state for future potential investments such as purchasing and renting out (utilizing the BRRRR Method Of Course).

And many of my clients are taking on the BRRRR method.