@Todor Ialamov Being conservative on budget and time is so important, and I completely agree about the importance of ARV and managing contractors carefully.

Purchase price: $233,000,000 Cash invested: $233,000,000 Sale price: $380,000 Introducing Your Stunning, Completely Remodeled Home!

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

Maintaining that relationship beyond just the lease up process and whenever the tenant has a maintenance issue or lease expiration completely changes the dynamic of the relationship.

I'm in the process of completing my first BRRRR and though I know the money is sitting there in equity, it's hard to watch the money leave my account!

I’m sure the construction loans have completion guarantees beyond the ordinary carveouts so are they truly non recourse?

I have about 550k in equity, one property is completely paid off.

They might suggest transferring the title to an LLC after you complete the purchase.

I got interested in real estate after reading Rich Dad Poor Dad and it blew my brain and completely changed my perspective on money and my possibilities.

@Jake AndronicoIt's completely changed my life.