Using the BRRR strategy is a powerful tool. 

I agree to an extent, but during the growth phase i need the power of leverage.

Hard money: “The Pros and Cons”ProAll CASH TransactionQuick Closing Times (<14days)All “Rehab Cost” are covered in LoanLower Leverage for Buyer and more LiquidityFlexibility to buy Distressed and Value-Add PropertiesLoan based on Property and underwritten so Borrower is ProfitableDoes not show up on Credit ReportNo "DTI" (Debit to Income Ratio)CONHigher interest rate than BankShorter Repayment Schedule (<12 months)More conservative evaluation of the Property’s ValueNot doing your research and working with a “Bait and Switch” Lender Real Estate is one of the most dependable and powerful ways to grow your wealth.

I would add to this that folks affected do some research on the "staying power" of the virus.

On top of that, everyone is telling me I need 2 years of self employment income before that will count for purchasing power, and the creation of the LLC is trapping me to where lenders wont count rental income.

I want financial freedom; freedom from a job that pays fair wages but makes my boss' dreams come true instead of mine. 

Realtor, Dawn Selix broker\agent . freedom realty

banks, online businesses, govt offices, power, even our state park system.Who is teaching you how to handwash today?

I’ve contacted a plumber and got a price on installing a bathroom and kitchenette and I’ve contacted the electric company to get a quote on installing a new meter base so I can separate the power from the house so the future tenant can pay his/her electric.

You can build a solid power team during this down time so you're ready to run when COVID-19 is over.