Once your successful you can make up the loss later.

Generally, what your going to be buying to successfully complete the BRRR method will not qualify for a conventional loan because of the condition of the property.

When the time is right, you will see the deals you are looking for and have the funds available to make several successful moves.

Expect it to take 2-3 years to have a strong list.It's extremely difficult to be successful in real estate.

If you successfully transfer property to MMLLC, you LLC will file a partnership return. a partnership will generate K-1(s)( similar to W-2) for each partner with your share of rental activity.

I'd imagine you'd have some success.

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

Sounds like you're well on your way to success in the field. 

Anyone found success doing either in the North Olmsted, Parma or Strongsville Ohio markets?

Always time well spent...Best of luck to you and look forward to following your success on BP!