I'm new to the community and looking to buy a foreclosure as my primary residence and my first BRRR (of sorts)I am a General Contractor so the repairs do not scare me at all.

I have built enough equity in my primary home.

They are working on setting up my estate plan, traditional LLC, and my series LLC which should take about 6-8 weeks.

I do not think this is a one size fits all answer and there are times where private lending is preferred over traditional financing.

. - Wife and I never made over $150k combined- Buy and hold is the primary strategy- House hacked twice- Took some major hits along the way.

There are several factors that lead to this, the primary driver is picking tenants who pay their bills.

Purchase price: $255,000 Was originally our primary residence, then life happened and the Navy moved us around the country for a while.

Private lenders or bridge lenders may also be a good fit, as they tend to offer more creative solutions compared to traditional banks.

I use traditional comps to figure property value then use AirDNA + enemy method to factor projected income and then do a traditional underwrite of income / expenses to find return.It is important for AirDNA to have a subscription to find the most similar properties and not just rely on the number it spits out.

@Jesse Herndon and @Troy Biggs, We are in the process of selling our primary residence and will be full-time RVers as we explore the US for the next year (or more :)  We currently own 4 rental properties and I am wondering if you can offer any advice on liability insurance.