what I would do to decide if brrr method is the way to go-Assess the cost of necessary updates and improvements and compare them to the potential increase in your home's value.

I've done a lot of residential real estate deals including dozens of passive investments and have syndicated four apartment complexes.REITS - These are more akin to stocks than real estate investing and do not come with the tax benefits.  

I am not skeptical- I am just not the type of person that goes in to things without knowing to much and I prefer to ve informed, assessed and certain of what Im getting in to.

Understanding Commercial LoansProperties with 5 or more units typically fall under commercial real estate loans, which have different requirements compared to residential loans.Requirements for a Commercial LoanCreditworthiness: Both your personal and business credit scores will be considered.Down Payment: Typically, 20-30% down payment is required.Debt Service Coverage Ratio (DSCR): Lenders will assess the property's income relative to the debt payments.

The lender assessed value, then opened a $175,000 line of credit with those properties as collateral.

For primary residences, taxes paid equal 4% of the fair market value of the home times the local millage rate plus any other local district taxes assessed, such as for fire or police, but with a school district tax credit.

In many places the assessment process is done with limited and incorrect information in part because they don't have the right to enter a property unless the property owner chooses to allow it.

I also asked about any plumbing issues, which I would get inspected during the due diligence phase, along with other major concerns.While I don't have much experience assessing houses and determining the extent of repairs, I’ve spent a lot of time in stores like Home Depot and Lowe’s.

Quote from @Gregory Schwartz: I agree with your assessment.

More so just heard that if you transfer title into LLC it can “uncap” the property and cause a new tax assessment the following year and raise your future tax expense.