Maybe someone can shed light on agreements such as this.TIA This ultimately comes down to your relationship with the broker.

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

(at least for the first few properties) I do not need cash flow in the short run but my ultimate goal would be to retire early from my investment properties.

Your loan agreement will ultimately dictate what you can and can't do with the property. 

Control goes to the trustee and ultimate ownership to a beneficiary, neither of which can be the person who owned the assets.  

And most times, if you have that grind mentality, they will feel somewhat threatened by you ultimately becoming their competition (unless of course they are retiring or getting out of the business).I hope this somewhat helps.Georges Franco

The ultimate goal here is to retire as soon as possible and not wait to grow equity over 5-10 years to be able to retire. 

Many new investors gravitate towards the lower cost SFH's because they are easy to finance, abundant in many markets and are the easiest pathway to completing the BRRRR  which most new investors view as the ultimate real estate success story. 

This is a summary of learnings from a recent project I personally completed.  
Steps involved:
1. Buy a home with a large backyard
2. Get permits to build a detached ADU (DADU)/backyard cottage in the backyard
3. ...

Lowering the primary mortgage payment is the ultimate goal, not acquiring new properties.