What type of properties are these and what do you mean by it not being "cost-effective" for you?

Costs a fraction of the funds compared to hiring a cold call agency.

I owe zero dollars on it as I put the $200k material cost to build on a remortgage of my primary Alaska house.

However, this has to be the primary residence of everyone on title in order to qualify and even if that were all true, we're still only up to $1M that way.I agree with the other commenters, the parents should continue to own it and live in it as their primary, leave it to the daughter when they pass, and she inherits it at the stepped up cost basis. 

Cats can be great, or they can do incredible amounts of damage.You must either increase your damage deposit, or charge a hefty non-refundable fee.

Cost of capital is high right now. 

BRRRR also assumes you nail the rehab and refinance steps, which can trip up newbies if costs or appraisals don’t align.

Hey @Tori Rhodes - As a builder myself here in Chicago that is a question I hear often.Before looking into your loan options, I'd look long and hard at the cost of land and construction in your Grand Rapids area. 

if you miss your rate lock timing and it costs you to relock who should pay for that?

Don't forget, you’re going to be out 10%+ in closing costs so you’ll walk with zero cash and pin your hopes on them paying you 20-30 years from now if that’s all they put down.