Most lenders have two loan products which will be needed to accomplish the BRRRR method.

-A TBD approval is the strongest method to get your offer approved.

I see BRRRR is the most "favored" method.. how much would be a good amount saved before I start my path?

I have a seller who as agreed with me on price/terms however they are older people and are not comfortable using DocuSign or other online methods.

I’ve developed methods of sorting the listings and what not that make deals pop out.

What are some effective methods in which you can invest?

Property: 4 BD / 2.5 BA 2-story HomeOnline Value: $284k (Z: $292.5k, R: $285k, Red: $275k) less repairsRental Comp Range: $1500-$2100/mo - Most likely $1650-$1750Repairs: $34kActual Value: $250kOutstanding Mortgage Balance: $110kPrevious Purchase Price: $88kRV Purchase Price: $134kHow would you structure this deal to minimize expenses, fees, & taxes given the following info:1) FIL can give transfer property to us given any of the following strategies:    *$0 (gift)   ** $110k (we assume the outstanding balance on his mortgage)   ***We transfer at market rate (quit claim deed adds us to property deed, $110k refi with wife & I assuming all debt, then he's taken off deed w/ quit claim & we pay him 140 payments at $1k month for the equity he has in property w/ no interest).   

Or do I have to improve the property to up its value like the BRRRR method?

I know there are formulas out there and methods that different folks use.Regardless of what I do the deal needs to be the right one.

The BRRRR method gets you the most bang for your buck because it's an asset that continues to pay you.