The BRRRR method is a great way to quickly build up a rental portfolio and considering you are in one of the fastest appreciating markets in the US, you will be able to profit off of appreciation as well as rental income.I am a real estate agent for off-market distressed properties here in Fort Worth, Arlington and surrounding areas.

So if it takes 10,000 calls to get one closed deal  that's $4k per deal which would still be worth it.

If your just going to do one or two a year you can hunt for that investor who probably does not know what their capital is worth.

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

Not sure where you are, but might be worth the drive.

It's worth meeting with a CPA before making any decisions. 

They are empty (sorta) and the new owners (inheritance)need to cash out or create cash flow. 

Is it worth it to go through the proper process with the city and run the risk of a huge expense to make this a 3rd unit? 

The form didn't allow me to specify that it’s not cash, but rather from a construction loan.

It would be very difficult to find anything in Florida that cash flowed at 90% leverage though.