While BRRRR works for scaling, explore turnkey rentals or creative financing in cash flow-heavy markets to accelerate growth.This post does not create a CPA-Client relationship.

I have been exploring gigs and hustles to build capital in addition to my 9-5 towards a property, but the growth is not moving at the pace that I would like it to. 

Just be sure to check local zoning rules, manage construction costs, and explore financing options like HELOCs or DSCR loans.

What would be a good way to approach them to explore the possibility of purchasing?

Your lender should be able to help dispute the appraisal if there are clear inconsistencies or missing information, especially now that the property is rented and generating income.It might also be worth exploring other lending options, as some lenders have more flexibility with appraisals or different processes that could work better for your situation.

If the interest rate is still a barrier, you could explore adjusting your deal structure or negotiating with the seller to see if there is any flexibility on the price or terms to make the deal more attractive for buyers.Overall, while the interest rate may make it more challenging, it’s not impossible to work through.

Seasonal short-term leases are another avenue I hadn’t fully explored yet but will definitely dig into.

As a result, the grouping election on material participation should be explored. ...

If you need to cover utilities, the numbers tighten significantly, making a lower purchase price essential.Let me know if you have any further questions or want to explore these numbers in more detail—I’d be happy to help! 

Explore options like conventional loans, DSCR, seller financing, or partnerships, and connect with local lenders to find the best fit for your strategy.Good luck!