If your goal is to scale faster and get to the point where your real estate cash flow allows you to spend more time with your kids, BRRRR can help you snowball your investments instead of parking all your cash into one deal.Building Equity: With BRRRR, you get the chance to build significant equity upfront by adding value through renovation.

Renovated the full property What was the outcome?

Through PHA sources, the article indicates the renovation will cost $112M, twice the initial budget.

Property must be habitable now - there is not  a renovation product. 

In view of the fact that I'm a newbie, complete home renovations seem out of my league (for now).

For partnerships, make sure to have clear roles and a written agreement to avoid issues.With student housing, focus on durable renovations and solid lease agreements to handle turnover.

However, if the engineer is assuming a larger role (for example, project management, approvals, etc.), the 33% could be justified.

I'm not sure if typical property managers would take on the role, if they did they would want a larger cut.

If the appraisal deems it to be "Subject to" you will have to use a renovation loan/construction loan to repair and close. 

Marian Smith yes, crowdfunding is many people putting in funds to make a larger pool.