If it discharges 5 foot from the building and there is a low spot running back to the building, then it is going down hill back to the building.

Where I see the biggest pitfall however is, in practice, you may run into trouble with the appraiser on the new property re-fi if you're not doing any improvements.

You run a background check and verify application and you make them both liable for all rent. 

Good luck, My wife and I are starting also, we also plan to do the BRRR, method,would love to talk more, maybe shares some do's and dont's that you may run across and we could share the same info to you. we are in the st louis area

DTI < 33%Some inconsistencies that I am discovering in the process- Some lenders requiring a hard-credit pull vs some ok pre-approving me with just a soft pull- Some lenders willing to share a loan estimate sheet with exact costs to close, vs some keep insisting that they "need to run the process to get the loan estimate" and that it can only be done after I get into contract.Just before going into a contract, I would like compare all of the pre-approvals and compare their rates, exact cost to close & potential time to close & then pick the best one to make the offer.Ideal scenario- Pre-approve based on a soft pull (so I don't get my credit score dinged every time I work with a new lender)- Share loan estimate sheet with pre-approval for a potential propertyAm I asking too much from the lenders?

I read "guarantees" - for me that is the biggest scam ever and right then and there either hang up the phone or delete and block the email. anytime anyone guarantees anything run and run fast.  

Do your research and run some numbers, but if you can buy a 4br house, rent out the other three rooms and be left with a very small mortgage payment, you can start saving for the next one and then rinse and repeat every few years. 

I’ve been using platforms like Investorlift and FlexMLS to break down deals and run the numbers, and I’m always looking for ways to optimize my strategy.Right now, I’m particularly interested in South Carolina as an investment market, and I’d love to connect with others who have experience there.

So, $12,000 a year off $50,000 investment was already a 24% Cash on Cash home run.

If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.