Can someone please explain how to crunch numbers with the BRRR method for multifamily homes?

I’m looking for some specific advice on structuring a small (<$250k) private real estate fund.

@Peter Bui You can open escrow through a third party or pay in full, many ways to structure it.

You would also eliminate the design constraints of working with the existing structure.

Wave Accounting is a good free alternative and eventually when you scale up; the transfer to QBO or Xero is relatively painless if you just do an opening balance JE or other methods.

I run the risk of having to do some pretty expensive electrical updates (the structure seems to be built to code and no outstanding issues that are obvious) as the house was built in 1978 and the addition doesn't meet current code as far as number of outlets, separate circuits, and arc-fault circuits installed.In the current market I'm thinking I could sell it as is and probably offload it with a $10-$20k reduction in market value.

4) If bank were to foreclose on this property what method would they use to remove this lien?

The bigger companies tend to do more research and are more slow and methodical in their decision making process.As an example for retail even if you get Starbucks wanting to go on a retail site from the first time contacting it can be 6 months or longer before they open in the space.

From what I have read, wholesaling and lease options tend to require little money to start, but I also know that the lease option is a fairly advanced method.

All the ideas listed here are great tried and true methods.