there are a few major risks to BRRR for someone starting out.1. contractor issues  IE cant get it done  steals money etc.2. refi  ARV's are not what you think and refi proceeds disappoint you. 3. lending changes and refi's get super tough 4. seasoning  before you can refi. back up is to be in a position to exit and break even or make a few bucks.. 

@Deneuve BrutusThank you SO MUCH for the reply, that was extremely helpful!

Got my 1st renovation and flip transaction done all y’all’s post and responses to my questions have been extremely helpful I appreciate this forum a lot !!

We're experiencing the lowest inventory on record in Columbus, with extreme competition for anything that looks like a house.

55k/door for a 2/3 vacant building is extremely expensive. 

@Stephen Stokes There is a extreme shortage of inventory.

Investing out of state can be extremely difficult, and it is essential that you build your team first - And it needs to be a solid team.

As for the construction industry, continue to see extreme problems in material pricing and delays as well as labor shortages for easily the next 6-12 months.

Secondly, depending on the location, you may need hurricane insurance which can be extremely expensive (in FL, SC, etc.).

Or you can do what every other wholesaler does these days- sign a contract with the seller close to retail, say it needs 10-20k regardless of repair costs, make up an arv, and email it to a list of disappointed investors.