I was introduced to the BRRRR method of investing on a BP episode and I think this is the method I will attempt once I have the money saved.

I am looking at my first deal and wanting to ask for seller financing (I attempted an FHA Loan but my student loans are hurting my DTI).

Wanted to make a post to  1) introduce myself and 2) make an attempt to hold myself accountable.

However, just in my limited knowledge and an attempt to contribute I think the general rule around is 10 loans to a name and then you'd need a portfolio lender to be doing anything past that.

I let my accountant know theres an error and he is attempting to fix it.  

About 18 months ago, I attempted a similar approach with a SFR in a rapidly gentrifying area. 

Here is a story about the most recent attempt by the city to come up with a plan (spoiler: they didn’t come up with a plan, but this should catch you up with what is going on!)

Now you just avoided buying a property where you would have lost ~200k out of the gate or you have a way to go back to the owner and attempt to purchase the property at a fair price (~1.14M). 

Unfortunately, this is exactly what a lot of investors are attempting to do.

There is a lot of turnover in contractors that work for HD, because HD really squeezes all the profit out and leaves the contractors with little $ for their effort, so they cut a lot of corners wherever they can in an attempt to actually make some $, and then they quit after a few poorly done projects that nobody except HD benefits from.