Profitable months cover non-profitable months, so budget and expect it.

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

Conventional non-owner occupied loan. 20% down.What was the outcome?

Some lenders do have minimum credit scores to access these loan types, but it is the exact same qualifications for income and assets as non renovation loans. 

I've done plenty of work in the past for him where this is simply returning the favor to help on my first property!

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.

Here in Colorado, we create a lot of non-conforming duplexes out of traditional single-family homes.

Or, once you finish your exchange you can immediately do a cash out refi, which is not a taxable event and you can use that for any purpose you want.

If you can manage the relationship to lessen turnover frequency and get a similar return as large landlords where if they took the same approach as the large landlord they would earn LESS.

Of course, with private lenders, you must give up equity or a return on the debt.