There’s no harm in making some quick profit and reinvesting.If you're thinking long-term and are okay with the more complex refinance and buy-out process, BRRRR can build your portfolio, but just be sure the cash flow and potential appreciation make it worth the hassle.

Your informative account has helped fill-in a few progress blocks in my own process. 

I understand there is a lot more that goes into this process but I'm just curious if it makes sense from the most basic viewpoint for starters, thanks for your input! 

Ironically, platforms designed for real estate (Zillow, Apartments.com, Rentler, etc.) produce very few tenants for me, compared to FB Marketplace (and I also find a lot of their functionality to be user un-friendly, from the landlord side). ...you'd think that platforms custom-made for real estate would make the process a snap for landlords, but it takes me a lot longer to post and manage rental listings on Zillow or Rentler than it did on Craigslist.

It was a nightmare to keep track of everything.Baselane has simplified my rent collection process significantly.

@Elias Halvorson, though you didn't answer my question, I do much appreciate your feedback as it helps me to grasp more of the process💯.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

.• Understanding the rehab budget draw process: After you close on a rehab loan, your rehab budget is not handed to you at closing.

If the concern is max cash out, you can cross collateralize the properties to cut down on costly processing fees.  

Favorable Zoning: Griffin’s “MDR in-fill” zoning allows for smaller homes on compact lots without the need for variances, simplifying the building process.