The idea of the BRRRR strategy is to force appreciate the property so that when you refinance you can pull out your initial investment (or as much as you can) or additional cash, if the appraisal is high enough.

This depends on the local MLS so I can only speak for mine but the way it works here is you get a discount on MLS dues if you are a Realtor/ NAR member.

I looked at nearby comps and realized that I could easily recover my investment if I were to add an additional conforming bedroom and bathroom!

In 2023, I did 18 transactions(Top 500 of ~15,000 agents), and manage 13 rental properties for other individuals.As an Individual, I also own 5 additional rental properties that I also self manage.The reason I would like REPS is because Ive got about 200k in passive losses(100k just in 2023 as I fully remodeled one of the rentals and partial reno of another) I would like to apply towards our household W2 income(600k) Overall, I feel like I could definitely qualify but I definitely lack detailed time log of all activities.

In addition, get copies of the tenant leases or even expired leases if the tenants are month-to-month as those terms carry over.

My focus is on finding a discounted SFH or Townhome that can act as a live-in flip for 1 - 2 years to maximize rent potential before it actually becoming a rental for my portfolio.

If, for example, a taxpayer spends one week while at a destination on activities which are directly related to his trade or business and subsequently spends an additional five weeks for vacation or other personal activities, the trip will be considered primarily personal in nature in the absence of a clear showing to the contrary.

Members often share investment opportunities, like off-market properties or discounted services from contractors so I'm quite sure you would find it beneficial to your journey.

In addition to that, the current housing shortage creates a demand for affordable housing, making renting rooms even easier to do.

Maybe you could find out if that house is also for sale @ a discount and now you have 2 properties that you can improve and drive the equity up.