And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors. 

BRRRR was easy to win at when all the books were written and when it became popular.

We're open to various options, like house hack, multi-fam, BRRRR, etc. 

Any recommendation for the first steps I should take if I want to purchase my first rental property using the BRRRR method (or flipping).

I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.

If you want to buy them, do you want to fix/flip them and/or BRRRR them?

I've also seen a lot of BRRRR opportunities and house hacking opportunities in the Shoals area.

I have used this method in the past and 90% of time has worked, perhaps I was just lucky, I'm not an attorney but based my thoughts on common sense and what I have read. 

it doesn't make sense unless it's some kind of short term thing like a BRRRR - is that what you're looking at?

Reach out to Fernando Corona here: https://lending.itsfernandocorona.com/dscr-brrrr-calculatorGet my DCSR Refi BRRRR calculator for RE deal analysis