Thats not my model and homes at that price point havent penciled out for me but im very much doing BRRR in my market with properties that do pencil. we add ~50k-60k of equity per BRRR on properties around 200-230k ARV  You can definitely create equity in D.C. though the 200k listed above is highly unlikely, the biggest issue is at those price points you are deep in the red cash flow wise after refinancing. 

Am excited to venture into wholesaling and I've been educating myself on terms, technique, and form of going about it. 

I always loved having an HELOC on my primary residence as the answer for me. 

Huge Red Flag for me!

As much as I'd love to rehab the properties to boost the ARV (which was the initial goal), funds are tight right now to do that so as-is is the way for me to go.Absolutely.

Hi Michael,My realtor who sold me the house is going to manage it for me.  

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

The Alabama market was hot for me in 2022 then took a turn in '23 and '24.

And yes, attorneys make money from forming LLCs, but they make way more when you were negligent and didn’t know what you didn’t know and end up in a lawsuit. 

REAL Estate in any form takes capital.. don't let anyone tell you different