Repeat: Scale Your PortfolioThe final step of the BRRRR strategy is to repeat the process.

Was the process smooth, and did the property meet your expectations?

Let me know if you have questions, I really went through and through the process on this deal. 

If your goal is financial independence, then selecting an investment city is a straightforward process due to the income requirements for financial independence.

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

When in process of transferring duties to next persons, the newer persons start in the LLC, eventually take over that role, the exiting person remains on at trust, later bringing in the replacing person to that role as well.

For first flips better to start with a  small cosmetic rehab  until you get to know the process and the team well.

Most likely the new lender is going throught the foreclosure process and typically will end up taking the property back.The original posters chances of getting this property back now is slim to none as it will be sold at market value.  

Quote from @Rene Hosman: @Austin Wolff recently went through this process of identifying markets to purchase in and he goes over his thought process in this episode on the Rookie podcast about how he used the MarketFinder here on BiggerPockets to find markets that met his criteria Podcast: https://www.biggerpockets.com/blog/rookie-473MarketFinder: https://www.biggerpockets.com/marketsI specifically only focused on 2 markets (Indianapolis and Fayetteville, AR) before I found a deal using the BP "deal finder."

At the time, I was not going to say yes to that and I began the eviction process.