I've also been a real estate investor for 20+ years and the BRRRRR Strategy is my preferred method of acquiring. 

For me, if i had not acquired the knowledge of the process of property management on a small scale then how could i possibly know what to expect from a property management company or individual.

How does one acquire financing for a development project when I am a brand new developer?

The sales price is contingent on the property appraising for the agreed-upon value in that given timeframe.The goal of subject to, for the buyer is to take advantage of your low interest rate, maximize profits to pocket as much cash flow as possible, and then, however, in many years be able to cash out refinance and pay your mortgage off in a lump sum to acquire full rights of the property.

I have done very well acquiring ownership of abandoned, run down houses and vacant lots.

Here is my experience from both acquiring and developing hotels.

A couple of months ago, we acquired a property through an auction.

For all of my properties, when I acquire them, I open two bank accounts: One for the traditional rent/maintenance, capex, etc. and one for security deposits.

There may be a few ways to get creative in acquiring the property. 

I am acquiring an assisted living home (RE+business).RE appraised for $1,320,000Business for $80k.I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.I’m looking for $80k short term loan for at least 6 months so that I have enough time to get a more stabilized business loan.