Your approach to investing in real estate through purchasing foreclosed homes at local auctions and utilizing the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy, especially with a focus on Section 8 housing, is a proactive and potentially lucrative path.

So right now we are at 27k and now you have all the holding costs - that's the loan payments, the utilities, the insurance. 

Add utilities, lawn and pool care $800-1000.

We live in fairfax and it is forbidden and can be heavy penalties.

I am on the fence with the “optional” mentor program that offers more resources than spoken about on here, but even if I did and my first acquisition fee covered just that, it would be worth the investment. we do not know here whether or not the nay sayer here utilized all of the resources or not. 

In fact, many framed their "pitch" that they would be in gold but gold is too heavy to transport and too difficult to store so Bitcoin was really the only answer.  

I would however recommend elevating anything placed in a non-elevated utility room to ensure damage is unlikely in future storms.

Regarding property management, utilizing local property managers can save you time, and using PropStream effectively for filtering properties by distress level and location will certainly help with finding stronger deals.

I'm utilizing social media to the fullest with multiple groups that are centered around moving to Florida.

We don't have that guideline for cash-outs, we just utilize the 1007.