I'm totally new to REI.

Now with essentially free money being gone, not only in BRRR is it more challenging but every aspect of real estate is more challenging and we are going to see a lot of people lose a lot because of inexperience of not knowing their riskI totally agree, thanks for the input!  

But we would need to look at the total picture to make sure that's even an option.

It probably depends somewhat on your total financial situation.

Obviously there is no guarantee but if someone with a high level of success and experience was willing to do all that, it is likely a go.Yes it is true there is seasonality in hospitality but with proper budgeting you will be fine.For estimates I personally use AirDNA (Paid version) and then double check it using enemy method.

That would make it tough to pursue this for obvious reasons. 

The total loan amount for the purchase and rehab can't exceed 75% of the after repair value of the property.

So let’s say you are looking at a duplex (2 unit) as long as the rents total per month from the ( 2units) are equal to or greater than the PITI payment its approved.The way you shop for the home is by sale price and using the loan amount after down payment as your calculation.

Obviously, it depends, but how would you divide up that money?

Obviously, people can ask all they want and that's why we have to negotiate.