To be honest, any Contractor that asks for larger amounts of money is showing that they do not have any reserves and/or they are 'robbing Peter to pay Paul'.After the initial draw, I would advise paying as the project proceeds - after demo is completely done (and you know that for sure if you are out-of-town), then pay for demo....only.

If so, that is something that you should plug into your model and see if the deal still makes sense.To be honest, a 3 year IRR is almost meaningless.

Honestly, if I can find a good duplex or fourplex.

Other 70% liquid vehicle like equities, etc.You got to know what you're working with though and be honest with yourself.

Honestly, that is all the insurance company needs to report the loss and raise your insurance next year.Good Investing...

But on the other hand, if the seller wants close to retail, but there are a bunch of major issues, then it's just not going to work as a BRRRR.but i am going to be honest - i think from looking at your other posts that you are trying to BRRRR out of state, and so this question makes me nervous for you. 

To be honest with each of you, he’s not the only one facing this dilemma... without conveying too many details, let’s just say he comes from a very big family and each young family member receives this “inheritance” when they turn a certain age.

This is in Texas and I am not sure if this is 100% correct honestly.

He is honest and never led me astray in both rentals I’ve bought from him. 

My capital has been ready for about a year now, but I’m still trying to figure out exactly where to invest within ATL.I’m specifically looking for Class B properties with strong cash flow potential for a BRRRR strategy, but honestly, it's been a bit overwhelming to narrow it down.If any rockstar agents have suggestions or know of properties that fit this criteria, please ping me!