If I didn’t have a positive experience with them prior to this, I would literally think we were scammed.

(120k total)2nd house we are making a profit of 120k but this  "profit" would literally pay us back for our initial investments into our LLC together we used on the first house ...anyone have any idea how the gov.

While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

The seller would use this strategy when they don't have a lot of equity in the house.

I'm looking to purchase a single family home as an investment property (buy and hold strategy).

Your best bet would be to find a portfolio lender whose niche aligns with your investment strategy.

There's no step by step guide but there are key things : Learn: RE strategies, what interests you, what do people in your area need.Connect: find a mentor, accountability group and be around those doing what you want to do.Help: solve problems- do people need dealflow, property mgmt, construction expertise, etc. 

This strategy would preserve more of your equity and make reinvestment more efficient.You could use the exchange to buy multiple properties in diverse, high-yield markets, achieving your goal of increased cash flow.Reassess the Property’s Cash Flow:Before selling, explore ways to improve the cash flow on your current property.

This is a fundamental component of the BRRRR strategy that I have yet to understand.Or, does it not make sense for the friend to invest in this deal if they're primarily looking to flip? 

Plus, they provide great opportunities for cash flow, especially if you’re looking to scale and reinvest profits into future properties.If you’d like to connect or chat more about strategies, deals, or even market insights, feel free to reach out.