Is there a strategy to do a BRRRR with little to no money out of my own pocket?

And do they care if I do rent by the room strategies?

Exploring the BRRRR strategy locally in DFW could also be a smart way to start scaling your portfolio

You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.  

I’d love to hear your thoughts on strategies that have worked for you.

As mentioned before, you can get away with paying for the draw money, but not using it. 

Clarify your strategy—whether it's rentals, flips, or house hacking—and build a team of agents, lenders, and contractors.

It requires hard work, strategy, and a willingness to take on projects others might overlook.

The deal is risky unless you know the market well, have experience executing this strategy, and have accounted for the quality of the asset and tenant. 

If you're looking for an agent who understands investment strategies and moves quickly on deals, lets connect!