I also don't use them on my personal, but that personal choice. 

One side is traditional rental and the other side I have furnished and have been renting as STR. 

As we get back to a more traditional market CoC may not matter for people. 

This probably implies FIRE in his 20s, but I hope he is passionate about the path he has chosen and excels at it until at least a more traditional retirement age.He started the 2nd rehab he is leading.  

However, here are a few options:Private Lenders or Hard Money Loans: These don’t require traditional documentation like a W2 and are often used for fix-and-flip projects.

Enough” - “Your success as an investor will be determined by how you respond to punctuated moments of terror, not the years spend on cruise control”The Noticer: - “One way to define wisdom, is the ability to see into the future the consequences of your choices in the present.

We do traditional PML full set of DOT, note, etc. loan documents for $1,500 for residential. $3,500 for commercial.Hope this helps!

Get super familiar with your location of choice and work with people who have your best interests.

If you don't have the downpayment, go make some cash so that you do, either through saving from your normal income or some real estate investing efforts.Your point on debt paydown, although true, is not relevant to the argument of BRRR vs. traditional rental.

That’s always going to win in the end as to coming out ahead as long as you make smart financial investments (such as maintaining control of your own investments, and making smart choices on properties that cash flow, etc).