Starting with BRRRR in Detroit sounds like a solid strategy, especially with your goal to recycle capital.

@Madhur Mehta I think it depends your goals and time you have to purchasing a new asset. 

I am always ready to network and build long-term relationships with the goal of becoming financially independent. 

The investors I know that use the common approach of putting 20% down and using new loans from a bank are choosing to invest in Ohio, Indiana, Georgia and other less expensives states.However, folks from CA find using creative finance to invest in AZ are making big bucks.

And while true, my main goal is to try and prevent having to do those steps, because they are a huge pain.

While this initial policy allowed me to secure conventional financing, I'm now in the process of planning and executing renovations to enhance the value and appeal of my home, with the goal of switching to a different insurance policy after completing the remodel and being refunded the unused portion of the escrow.

I like that structure if your LP's are good with it and the project supports those numbers.More common syndication structure is 2% acquisition fee, 2% asset management fee, 7-8% preferred return, 70 (LP) / 30 (GP) split.

Dredging for sand to build up a spot is pretty common anywhere.  

Haven't seen too many in Bergen but looks to be more common in Essex.I've been trying to RSVP but of course work has kept me late the last few months.

@Karthik NatarajanProps to you for doing your due diligence.In many areas, assessment amounts are adjusted upon sale of the property so it is NOT unusual and in fact it is quite common for property taxes to increase significantly for a new buyer.Absent any other data, I’d trust the calculator.You could also call the County Tax Collector or Asssesor to verify the information.Good luck.Arn