You have to have a method to develop a cash snowball.

If you are going to continue buying, you really want a lifelong mortgage advisor in your corner who will help structure loans in your best interest.

Meaning you can add another unit to your existing structure and 2 more units on the new subdivided lot.

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

The coaches help you level up and scale from where you are now to where you want to be; not because they're perfect and have everything figured out, but because they are a little further on the path and have a systematized method for growing your business.But I will say it's not a good fit for everyone. 

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

Other methods will differ.Yes, I agree with that example.

No, he's not an architect, he drew all designs, floor plan, site plan, etc, and we had a structural engineer design his part, and paid an architect to sign off on them.  

Quote from @John Keane: @Jay HinrichsGot it, I will definitely re-evaluate my profit split structure after what I have learned here.