Hi, We will be acquiring an existing STR property as our 1st property investment by the end if this month.

We've already selected a design for the quadplex and acquired a detailed cost estimate for the build, which we project to be around $1.2 million.

I am about to begin the process of acquiring investment properties with the intention of using the BRRRR method.

Hi all,We have been investing in real estate for 15+ years and have acquired over 100 distressed properties, rehabbed and mostly have held as rentals, but have flipped many as well. 

Also, should I acquire homeowners' insurance immediately for this property? 

You can't acquire anything in Midtown, Grant Park, or East Atlanta Village for under $500k, let alone $300k-$350k.

Until you have established track record you probably won't find a lender willing to help you acquire (mortgage) a property in the name of an LLC.

Now lets say you live where I grew up Cupertino and well perfectly good house that is not in the hoody ( although there are not Hoodys on that side of the valley) is 2 mil plus. 

If the property owner is a "long time childhood friend", then she may be willing to cut you a deal where she pays for the closing costs and/or she may contribute to any repair/remodeling work that the property may need.Once you move in you could house hack and start saving money so that you can acquire more properties. 

Same law in Oregon and California  not verbatim but same basic law.. pre foreclosure was how I used to acquire a lot of my properties in Clark co WA and PDX market once that law went in we had to stop but there are others I am sure that do not even know the law exists and just list to the gurus.