Hi Jay, Welcome to Bigger Pockets! 

If I were to sell my house I believe I would pocket around $130k.

You pay for the basement reno out of pocket and cash out immediately...instead of waiting for 6-12 months

I can only come out of pocket to cover mortgage so long.  

Pocket listing: Say the seller does want to sell, but they just don't want to list it on the open market.

Go search the topic "Lifestyle Asset University" here on Bigger Pockets and you will see a longer thread with a lot of opinions (most are not members) but still worth a read as there are a half a dozen paid members from our group who have commented on that thread.We were formerly called Lifestyle Asset University, but I didn't realize that you couldn't use the word University in your company name here in Utah so we changed our name to Vodyssey. 

I usually only have about 2k for closing costs out of pocket.

At that point, you may have to come out of pocket broker commissions unless you sell it FSBO (which is always an option if you have the time to dedicate to it).

It’s a strategy that allows investors to acquire rental properties with little to no money out of pocket while building equity along the way.If you're considering using the BRRRR method to grow your real estate portfolio, here's everything you need to know about how it works, its benefits, and potential risks.What is the BRRRR Strategy?

Hi Aaron, welcome to Bigger Pockets!