Great question, and it’s awesome that you’re thinking strategically about leveraging your equity for your first BRRRR!

Any advise will be greatly appreciatedThank you in advanceI’m Jay Papsan, instructor for Principles of Real Estate on Coursera.

using a hard money lender is a great resource . what is the project looking like ? 

Quote from @Bryce Langford: Great info!!

Great tenant - no qualms. 

Please feel free to give honest thoughts on realistic returns, and if anyone has any recommendations of property management companies that will give honest guidance, that would be greatly appreciated.  

--AI Analysis----ChatGPT pointed out that the math for Ten flips per year, the text shows$787,500 for Year 2, when it should be $1,012,500, adding that for Year 3, the result should be $4,556,250 as the initial investment should Gemini said this:The math for the "POWER OF FLIPPING Case Study with $50,000" appears to be accurate, based on the information in the source.

In my short time, the feedback you guys have so freely given has been great!

He has Duluth investments as well, and is a great resource.Keith 

Also, there really isn't any great advantage to automatic payments from my experience.