If I am still around for the industry, they usually take 5-8 years to implement once it becomes law, you know, government workers tend to delay everything.

Spending a bunch of money doesn't make you successful, implementation and taking action makes you successful. 

I have been studying, implementing and marketing since June 2015.I grew up in a military family and spent most of my teen years in Silverton OR, graduated high school and joined the military (USN) myself.

I have been trying to implement this strategy for a while now but I have been unsuccessful.

I hear that plan a lot - Just need to implement it (Thats the hard part)I would recommend a book that a lot of people on this site recommend as well as you do seem to be jumping around a lot.The One Thing by Gary Keller.Good luck!

It is my understanding that there are plenty of people implementing this (BRRRR) strategy using financing on the original purchase (not buying all cash).The following hypothetical numbers outline my understanding of how this might work:Purchase Price (-20% below market): $80KMarket Value: $100KCash Down (25%): $20KLoan Amount: $60KRehab Needed (loaned): $10KAll In Cash: $20K  (down payment)Total Loans: $70K (purchase + rehab)Total Into Property: $30K (down payment + rehab)ARV: $130KRefi @ 70%LTV: $91K$60K pays off existing loan, $10K pays off rehab loan, $21K is your cash out plus maybe part of the refi closing costs, which covers your down payment.Sound about right?

Originally posted by @Sean OReilly:...can be good opportunities for me to go in, lower rent and recover utility costs  My first impression is that this will be a break-even (- lower rent, + utility billings), and that you will not get paid for your development and implementation costs. 

the NCND if implemented and end buyer breach the agreement it will cost him/her a lot of money which will equal to 20% of his price was paid for the deal plus all legal fees.PLEASE TELL ME WHAT YOU THINK ?

I'm very excited and honored to be a part of this community.I'm new to real estate investing and currently focusing on specializing in wholesale/assignments, and want to implement other real estate investing strategies in the future such as:*owner financing (3 year lease to own, followed by a 30 year mortgage)*buy/hold Etc.I am also looking to network with real estate investors as well!

You should get in touch with @Kevin Carbon as he runs the Tacoma-area meet-up which I believe is being held next week, he can give you and invite to the meet-up group and directions.Just curious, what are you looking for at the moment?