I hope you'll find it a rather fruitful community with many different perspectives. 

I’ve been buying condos here on Maui that I’ve been able to generate 500-600 a month cash flow on about 100k purchase prices (HavIng the ability to self manage and save $160/month on PM makes a big impact, plus zero vacancies because of the extremely limited housing supply on Maui), but with prices rapidly rising it’s getting harder and harder to duplicate those deals - plus I just don’t want to have all of my eggs in one basket so I’ve been planning to acquire 1-2 more condos in this particular building before diversifying into 2-4 units In another market possibly.It’s just hard to get excited about spending 200-400k on a duplex to make half of what I’m making in these condos!

The houses are more expensive in better areas, but if you're going to put all of your eggs in one basket (that's what we all do when we first get started) - you want that to be the best basket you could afford.

In short, make a loan at a stated interest rate that you can convert into equity if the BRRR turns out to be a fruitful investment. 

Not nearly as fruitful as downtown.. but still solid numbers. 

Any flippers out there from Rapid City or Sioux Falls who are enjoying the fruits of their flipping labor?  

I hope to put my residence up for sale in a few months, and plan to stage kitchen with a new crockpot and a basket of greens, table and chairs, M bath w/basket of greens, possibly shower curtain, seat cover, living room with couch and 1-2 easy chairs, coffee table, yard with patio table and chairsNothing in bedrooms.

Or even apples to fruit.

So, like I said, the effort required, while potentially fruitful is highly unlikely to result in a purchase contract for you.  

Don’t put all your eggs in one basket.