Sounds like you're misunderstanding how to use a current BRRR property as collateral for the next.

Many misunderstand what the MLS actually does with rentals.

This seems extremely vague and I feel like it could lead to misunderstandings due to lack of knowledge of each others expectations. 

@Lourdes MedinaAs others have said, if you rent it out, make SURE you have an understanding of what the expectations are or you will have a misunderstanding.

@David StelzerI think there is a misunderstanding of what IRR is. 20% IRR over 7 years means your $25k investment will be around $90k in 7 years.This $90k will include 8.5% distribution over 7 years (~$15k) + $25k initial investment + sales profit ($50k).High IRR is more difficult to archive as the investment time frame gets longer.The typical syndication number people use is 16% IRR over 5 years - which doubles your investment in 5 years ($25k -> $50k).I think the problem might be the return you are promised is too good which could mean there is a higher risk associated with the investment.I usedhttps://www.thecalculatorsite....to get $90k figure.

Going to see if I can get a few bids and see what things come in at.You're misunderstanding who/what a GC is and does.....

It’s generally a misunderstanding of how insurance works and how the “voided” part of the coverage is moot — you really are going to sue yourself??

@ Jonathan R McLaughlin they said yes commission is 6% but the other 4% are other cost. maybe i did misunderstand? 

Instead of making an outrage post, I wanted to make a post correcting a few misunderstandings that I saw in recent threads, and also add a few suggestions that I have so that landlords may be better able to minimize the damage caused by this order.Misconceptions1.

Don't misunderstand me, I just tied up a property in Tucson for $21,500, so I'm not discouraging you from staying away from small price points, but just suggesting that don't use that as your determining factor in picking an investment property.