We’ve done the BRRRR strategy and even some creative finance deals.

. - could be a creative solution

Alternatively, you can own the rental directly, take the income directly and simplify your life, taxes and everything.

Luckily most of my tenants only pay $50 a month of their portion so its not worth the loss of the 98% I get paid directly from the state. 

Due to rates and overall market conditions, it isn't easy to source a deal that cash flows unless you implement a creative strategy or put more than 20% down.

I’d suggest reaching out to Horry County directly to ask if they have any abatement programs to potentially reduce your property tax.

A 721 Exchange is a great investment tool for real estate investors that are looking for diversification, tax-deferral or estate planning.Investors can contribute the funds from a property that has already been sold into a 721 Operating Company and receive Operating Partnership Units (OPU) or they can also sell the property directly to the Operating Company in exchange for OPUs.

Because of this, I've had people reach out to me directly and we have done business together.

5.Other Creative Financing – Are there any creative financing options I should be aware of?

The property is important to us, and the numbers mustshow the deal will produce a fair profit, but as direct lenders (i.e., we lend our own money) we always bet on the borrower first.