There is more beyond merely setting it up though involving the operating agreement, separate accounts and books and no co-mingling and many people don't keep that piece maintained too well. 

For a while, a truly irresponsible group of new investors were joining the forums, thinking they should pursue extremely dangerous strategies that put themselves and the people they were buying from at risk. 

The growth numbers are impressive, but I'm more interested in hearing from the people actually powering this platform.

Is BRRRR even possible for me, or is that for people with more cash down the road?

There are people out there who will lend on entitlements but that is typically if there is some horizontal work going on or if there is a LOI or some purchaser on the back end to buy it based on meeting some stipulations.

Padsplit is a new one too that people use to rent rooms

I just bought an apartment in dubai and I was wondering about the same things.

I thought most people do it this way. 

Quote from @Kaleb Johnson: The issue is that you cant cold call people in New York  You cant cold call but you can definitely do SMS marketing and find your ideal sellers for wholesaling.

I am not the expert, but just from talking with people and seeing the posts pitches from wholesalers.