Most are flimsy, thrown-together with uber cheap materials. 

Because, if you are a “regular” person meaning don’t make 5M a year W2 / legit bussiness which shows on tax returns, you can’t qualify for 20M loanAlso it mean, that people who buy 20M condo, chances are they have 100M-200M cash sitting and not doing anything.Return of equity is 0, as it also the cash sitting in a bank.Debt is cheap now days: 4-5%, but if you have “unlimited cash”, then not need to pay 4-5%As far as max cash flow and minimum risk - it’s something a lot of members discussed already.And last but not least - let’s not go off topic.

And to make a BRRRR work in the current market, you either need a crew that can do cheap work or a way to source deals.

Guessing you used an uninsured, cheap handyman?

On paper the cheap houses look great, but the reality is they are harder to manage, have higher turn over and cost a lot more time and money.Buying before you retire is a good idea because once you retire, your ability to borrow money is going to decrease as you don't have a regular income from a job.As you want to fix houses up, why not buy a house that needs a bit of work, live in it while doing the renos and then move when you sell it. 

It's cheap and doesn't give them your house address.

The houses are sold very cheap, however to fix them up, you are usually investing about $30k-$100k to make them livable. 

It's all about the location, you might be able to buy a cheap house, but if it's in an area with nothing but other cheap houses and in an area that is "not desirable" you're not going to make much money on it, either in improvements or rent.

Along with that you purchased at a decent price, cheap rates so your mortgage should not be expensive.

Really cheap to aquire and almost doubles in value after he uses the bobcat to level it out....