This what Bill is saying is, in my opinion, the #1 most important and #1 most UNDERSTATED fact and detail of REI.    

Let me know what other details are needed to answer fully.

Please send me the details of when your group is meeting up next, would be great to meet like-minded people in NM.

My brother does not have any interest in the property any longer so we will be buying out his interest (we're working on the details with him).

The condo to be featured in Tall Timbers seems quite fascinating.

All the documents need to be uploaded in the accela https://aca-prod.accela.com/COC/Default.aspxMore Details can be found on the city website.

It's great that you're already digging into the details and considering the BRRRR strategy.

Once the rehab is complete, the loan just converts into a regular mortgage, so no need to refinance and no second set of closing costs.As mentioned above, you haven't posted a ton of other details, so there may be a lot of variables, but I did a deal as a buyer in this fashion in the past.

There's a lot of detail in implementing this, I only mentioned the general idea. 

If you have any more detailed questions, reach out.