I think it's tough to find a good BRRRR deal on market.

Borrowing against your paid off house without an income puts way too much pressure on the success of whatever deal/project you decide to pursue. 

Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.

He would need to find a place to live,which would take money off the table for collateral in his next deal.

I have a soft heart for those who deal with these struggles, it felt like a meaningful way to combine doing good with smart investing. 

However, if it is a purchase transaction, the deal can still get done, the deal would just need to qualify as a standard rental (lender won't know you are renting by room post-close).

Address Your Financial ProfileBridge the Revenue Gap: Highlight your equity in the duplex and use your sale proceeds to demonstrate “skin in the game.”Partner to Compensate Experience: A financially strong and experienced partner can help offset your limited track record.Focus on the Land Deal: Secure the land at a good price, as it’s a crucial step in gaining credibility and attracting partners.Final ThoughtsYou’re entering an exciting and impactful space in real estate development.

Focus on finding and underwriting deals. 

In LA, my last vacancy was about a week.The hardest part honestly is understanding the laws and dealing with the tenants around it.

Much more emotion into the deals.