Equity + Profit Share: Lenders get equity in the project, but rather than full ownership, they receive a share of the profits when the project is completed.Key Elements to Include in Your Proposals: Clear ROI: Make sure to outline the lender’s return clearly.

A few weeks ago I published a post on FaceBook outlining the sale of my cabin in the Moonridge neighborhood of Big Bear Lake, highlighting how I was able to sell above list and also above the Zestimate.

To protect both parties in your partnership on a BRRRR strategy, you’ll need a **Partnership Agreement** outlining contributions, roles, and profit-sharing, a **Rehabilitation Agreement** detailing rehab work, costs, and responsibilities, and a **Loan and Refinance Agreement** specifying the terms for repaying rehab costs post-refinance.

But what you’re encouraging is that when I am 23, I should use the first 4 or so years just building a portfolio of LTR’s and then when I am 27, look into leveraging STR’s to meet the “Real Estate Professional Status” and “Material Participation” the IRS outlines, correct? 

All four of the options you outline I believe work in today's market and with the ability to refinance after a rehab, you may be able to break even or cash flow with an improved equity position. 

You're outlining the tasks before creating an SOP.

I just sent out a written notice over text, outlining the noise ordinance issue that is mentioned in the lease.

This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues." - SBA  

I re-read it about 3 weeks ago and spent time working through the steps as outlined in the book and this time I got really excited about it.

I also have a VA Specialist lender that could outline how it all works.