@Matt Powers there are endless possibilities and combinations of how you could approach this opportunity.

Depending on your income needs, pulling equity out and lending privately combined with a fulltime or part time job may be another option that doesnt bring as much boom or bust risk as flipping. 

The equity in my primary and other properties, combined with my income, provides the flexibility to borrow as needed—and I only pay interest on what I actually use.

We financed the purchase using a combination of cash and a hard money loan.

I'm from Grand Rapids.I use a 11"x18" graph paper and a daily morning workflow - combined with Google Calendar.

Combine that with insurance raising rates not just for dropping licensee count, but also to cover increased lawsuit risks.

As to Grant Cardone, you have to have capital to do a bigger deals... and syndications is one way you can do that (which as I understand it is the deal that Grant pitches)... combine  your money with others to do the big deal... but at the end of the day, you own $20,000 worth of a $10 million deal if you put in $20,000.  

If this is a rare mistake or if this type of mistake regularly occurs.

But it so helps if they are simply rarely there except to sleep. 

Thanks for sharing this perspective—it’s super helpful, and I totally agree that the “perfect BRRRR” is incredibly rare these days.