Although this isn't a material to study, another thing to think about before you become a GP is building a track record, if you haven't done so already.

The material participation column would be read-only and change depending on the dropdown.

It would be interesting to see who or how many other gurus were using the same materials and then just repackaged it, rebranded it and found a way to monetize it. 

@Dennis Nikolaev The only alternative I can see is to Short Sale them, if the mtg balance is higher than what you could net from a sale.You will need to talk the Loss Mitigation dept of your lender and hire an Experienced short agent, they will know what to do and how to handle the process.

Copies of receipts for materials and paid bills for labor are evidence of value, but not essential.

I have read through most of the materials on Mark's Land Geek website but I have not made the jump to pay for the course. 

If you don't have a contractor, shop around for the hardware (appliances, counters, flooring, etc..) to get an idea of the material costs then add in labor of hourly rates for the install.

Hi Shrijan,Welcome to the forum.Personally, I'm not a fan of out of state BRRRR.On paper it all sounds good and great but I've been in the game long enough to have witnessed otherwise.I would always advise doing BRRRR in your own market if possible.There are too many links to a chain with this approach and if one link is faulty, you chain becomes useless.Otherwise, (Yes, I'm bias lol) an alternate solution is buying turnkey.Wishing you much success 

Considering your goal of house hacking a duplex, while FHA loans are common for first-timers, there are alternative financing options to explore:Conventional Loans: Need more credit and down payment, but offer flexibility. 203K Loans: Ideal for fixer-upper duplexes, bundling purchase and renovation costs.VA Loans: Great for vets—no down payment, competitive rates, and no mortgage insurance.Portfolio Loans: Private lenders, good for unconventional income or credit histories.Hard Money Loans: Quick, high-interest, good for investments or major renovations.With $30,000, mix it up—use it for a down payment, maybe pair with a conventional or FHA loan.

I am bringing a single-family property located at 1360 Meadowood Dr, Hixson, TN, to the table and seeking a partnership to provide labor, materials, and an upfront investment of $40,000.