Ask local materials distributors which contractors pay their billing on time, and who order materials consistently.Go to some local REI meetups and ask for referrals.Look at local jobsite and take note of truck signage.Of course verify their licensing, here's a link https://lni.wa.gov/licensing-permits/contractors/hiring-a-co...

The policy consideration behind the higher leveraged loans is to provide financing for individuals who have high earning potential and are at the start of their career where the earning potential has not yet materialized and perhaps are dealing with the added burden of student loans.

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

We have a Pottery Barn table at our personal house and we would not buy it again knowing what we know.There was a lady I know that got bedroom furniture that was made out of plastic material and looked good.

For you to ask this, you're valuing that "16% CoC" so highly it's likely overriding the real material aspect of the investment.

Slowly build out a repeatable process...if you continue to change things (as in different types of properties, different levels of renovation, different finish material, different neighborhoods, etc.) you create more variables and make it harder to solve to the problem.I am a math guy and less unknowns/variables you have the easier the problem will be to solve. 

Would you dig 120 feet of trench 3 feet deep, and get the material, for $350?

With that being said, I’m starting to see more of the benefits in some of what he promoted.  

One lesson learned: Create a good relationship with contractor and shop around for the best pricing on materials.

Issues we faced were conflicting opinions on the next home we should purchase for our portfolio and what upgrades to do when we were doing a flip, the cost of labor and materials, etc.