If you fully understand the process, the potential for profit can be considerable but if you do not, it can be bad - real bad.

Consequently you either sell to the least qualified owner occupant imaginable, likely pay 6% seller assist, get crushed through the home inspection process or come to the conclusion going through that process 4 times is not worth the hassle and find an investor to purchase the homes as a package at a discounted price.

I though the benefit of having this membership structure was to cancel the subscription (eviction) without have the traditional lengthy process.

.: Whats the process to put these people in collections ?

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.

Write out clear SOPs for every process, hire great team members, and hold them accountable.

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 don't think it should matter if the deal is seller financed, cash, or hard money; the title search and insurance process should be the same.

Which is easier to deal with than a non paying tenant.Once they're gone, you'll need to tighten up your screening process or find a PM to take over.

Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.