If there's competition for the property, you might need to provide a price first and renegotiate later, especially if you have a contingency for well and septic issues.Step 4: Fixing the SystemsAfter securing the property, we start the permitting process for well and septic repairs immediately.

Plus what kind of security cameras do you install in your MTR?  

From my perspective, when BRRRR'ing the most important aspect is the quantity of deals you can secure at values below the ARV in a given area.

Standard down payment for a new primary mortgage typically range between 3%-5%If you need the rental income from the home you are departing you typically will need a fully executed lease and proof of 1st payment and security deposit

As mentioned above: if you paid some sort of “bribe/incentive” to the seller  you’ll need the receipiant’s social security number and they’ll need to declare the income. 

Despite the project’s unique nature and impressive traction, securing traditional financing has proven challenging.

There are definitely some swings happening in that market - but of course long term gains in California are generally a secure investment. 

DSCR is better, but just not as secured as a LTR lease. 

@Brian Willie this setup is very common to avoid having each Property LLC to have its own bank accounts.Only the Management LLC will need Operating and Security Deposit accounts.They all need to be single-member LLCs with the same owner, or else it gets very complicated.Find a good tax attorney to help set this up.

Exploring a combination of these strategies, such as using a HELOC for a down payment and securing a DSCR loan for the remainder, could help you achieve your goal of purchasing additional properties this year.