If so, we can just look at Dallas as a whole, and start our search in the counties/ZIPs that look most promising)These are the maps we created:FloridaMissouriGeorgiaMarylandNorth CarolinaVirginiaPennsylvaniaNew YorkColoradoTexasAfter looking at these maps, and reflecting on where we would want to live, we narrowed it down to the following 5 (in order of personal preference):Denver ColoradoThe San Antonio -> Austin TX CorridorThe Washington, DC to Richmond VA CorridorSouthern MarylandRaleigh-Durham, NCNext StepsWe are still discussing what our next logical step is...but we are fairly certain the next immediate step is doing a more qualitative analysis of the areas: reading business journals, reading local newspapers, investigating school and community development initiatives, investigating school quality, etc.With that qualitative analysis, we will likely eliminate another 1-3 cities, then plan to build our team and network with local investors After that, we will build our team in those cities and plan a visit to build relationships and vet properties.I hope that revealing part of our process helps at least one person, even if it's just learning something about your market from the HUGE CSV FILE I posted.Do you agree with this process?

Once you're clear on your goals and where you want to be in 5-10 years, the strategy will reveal itself. 

I did so early on and went under contract, but the inspection revealed MAJOR structural issues that cause use to terminate under our inspection out.

Things that books alone will not reveal.

I was trying to get advise without revealing too much.

This plan should clearly identify all of the capex, and should also reveal what the actual level of current funding is for those items.

Also, to REALLY reveal my novice stature, it seems the BRRRR method employs using ones own cash out the gate, not a loan, correct?

Seller is requesting a new roof after inspection revealing roof to be super old / shot.

@Sean KuhnI like fixed rate 15 or 30 year amort.While you plan on paying off the mortgages within the 5 years, things happen and 5 years is a long time to predict the future, but a very short time when there is a balloon hanging over your head.While nobody likes all the Fannie regs, the lower fixed rates are worth going after.There was a post at the National Real Estate Post, just today about how people would rather spend a night in jail, or gain 10 pounds than go through the mortgage process.http://thenationalrealestatepost.com/hilarious-mortgage-survey-is-very-revealing/?

Your explanation reveals a misunderstanding of how interest is calculated.