@Jarrett HarrisYou may be taking unnecessary personal risk by approaching your tenant that way.

The partnership with Otis "Lee" Sams exemplified our collaborative approach to maximizing property value through strategic investments.

The issue I'm having and coming to realize is that every lender I approach is requiring a 6 month seasoning period.

We all tried to approach him and he refused to talk to us.

Key to your approach, as you seem to already understand, is that it requires elevated levels of planning and due diligence, but with this approach, it can be a profitable strategy.As you are in the process of narrowing down locations, start engaging with local experts to best understand market dynamics and compliance requirements with local laws.  

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

Although no two people have the same experience while starting out, here’s a structured approach to help you get started:1.

Hi Shrijan,Welcome to the forum.Personally, I'm not a fan of out of state BRRRR.On paper it all sounds good and great but I've been in the game long enough to have witnessed otherwise.I would always advise doing BRRRR in your own market if possible.There are too many links to a chain with this approach and if one link is faulty, you chain becomes useless.Otherwise, (Yes, I'm bias lol) an alternate solution is buying turnkey.Wishing you much success 

I'm trying to take an investors approach to the updates I'm completing. 

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.