I just haven't been able to pull the trigger on properties so far away from where I live.

The problem I have with this is the inability to scale and the constraining factor of being tied to one property for the full year plus.After reading about the BRRRR strategy, I am extremely interested in pursuing this path if this is a reasonable and feasible option for someone with no rehabilitation experience.

I am not that extreme but I do believe it does not scale well. 

We have been researching information and listening to the BP podcasts almost non stop and have decided to pull the trigger on a property we were looking at for about a month in Springfield, Mo.

And after doing my due diligence I pulled the trigger and purchased the separate  27 lot development within the master community all cash .

@Konrad R.contribution of personally held property into a business entity typically does not trigger a tax event.  

I told her of course they would say no because it triggers the due on sale clause – but they don’t have to call the mortgage and my plan was to of course tell them I was taking ownership of the property and have full plans in place to continue to make it a performing asset and then would re-finance later to get them fully paid.

Moving down and pursuing a career in real estate can be extremely difficult work at first, and income may not even be a fraction of what you anticipated. 

They are not very common, most sales trigger something called a due on sale clause, which simply means the mortgage has to be paid in full.Some properties have assumptions, some don't.  

The risk to the seller of using lease-options (or any other executory contract) is now significant, and investors should therefore use any such device with extreme caution.Note: lease options are not illegal, just harsh in penalties.