It takes walking new investors through the process from real life lead generation to acquisition, renovation and disposition. 

After closing, work on increasing your income, reducing debt, and preparing for a second mortgage.

For your scenario, you would be able to afford $8300 monthly mortgage assuming no debts. ($200K/12 months = $16k/ month of 50% = $8333.

Regarding the HELOC question, consider the interest rate on the debt.

The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

Out of college I primarily had student debt of around $22k at 4% interest(all the government loans).

It could indicate they lack sufficient knowledge or experience in professional property management, which may lead to costly issues for you down the line.

Proper research, budgeting, and a well-thought-out strategy are key to minimizing risks and maximizing returns.In the end, BRRRR is an active investment strategy that, when executed correctly, can lead to long-term wealth creation, a steady stream of rental income, and a scalable real estate portfolio.

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

Quote from @Alec Barnes: Quote from @Drew Sygit: @Alec Barnes we use Debt-To-Income Ratio (DTI) instead of income = 3x rent.Reason?