I was running some numbers and it seems to me that when you're doing a BRRRR you have two choices: you can either pull a lot of money out in the refinance, which then helps you scale up quickly, but then you leave yourself with a high mortgage payment, and little to no cash flow.

In that case the PMC should have their own CONTRACTOR liability insurance.Now if the PMC neglected to have the snow removed or even if a contractor they hired didn't get it done quick enough and there was a slip & fall resulting in a lawsuit - isn't that why the owner had landlord insurance on the property?

Move in ready $450k+ at this price you’ll find new construction and renovated duplexes those tend to sell quickly when the numbers makes sense and the ones sitting on the market the rent does not cover a big % of the mortgage.2.

I provided them with the documents and we quickly discovered that the minimum rental term in this neighborhood was 6 months.

As you said that you purchased a new home, that also guides your search.

Agreed with @Dan Sheeks, also Bigger Pocket's book Every Real Estate Agent's Guide to Building a Profitable Business is extremely helpful, and I recommend it to anyone starting out.

The bottom line is you shouldn't use any of these strategies without proper education or hiring a competent person to guide you AND you should have the ability to reposition the debt IF the sellers lender calls the loan due.

I'd increase the max allowable each year because chances are with caps on rent increases, you will quickly fall further behind.

We had solid interest and quickly secured what seems like great tenants.

Or know anyone that can purchase in cash quickly?