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

Monthly rent will be deposited directly to the business account.Since this is absolutely new to me (the LLC setup), I'm not even sure I've provided enough details for folks to provide feedback or advice...Essentially this was a bookkeeping method and not a legal one.

They will make your life easier and save you from this kind of headache.ON-FIRE Agent means they are:O - Organize (The Investor-Agent must be well-organized)N - Network (The Investor-Agent must be well networked with other Real Estate professionals like Lenders, Appraisers, Property Managers, Inspectors, Insurance Agent, Contractors, etc)F - Focus (The Investor-Agent MUST Focus on YOU)I - Investor/Investment-Savvy (MUST be INVESTMENT SAVVY)R - Responsive (Must Be responsive and answer your call/text)E - Experience (Must be an investor or have experience working with investors)Savvy Agents will put your interest first and not theirs. 

While I know these numbers are not 100% accurate, I want to be consistent in the tracking method and use something that is simple (so I will actually do it every quarter).  

That means you will probably either pay a lot more and/or will lose a lot more deals before finally getting one.This is not meant to be discouraging, but newbies often quit when they find out how hard it is to get started, and the method you're using (FHA loan) will likely mean you have to have more patience than the average investor who already owns a personal residence and is looking to expand into rentals. 

Thank you,Isabella R.

Maybe add the payment method on the website itself. 

If they have no established credit history, then you have to use a different method of verification like talking to former Landlords, checking bank accounts, etc.

Hi guys, i understand the BRRRR Method but my main question is when you BUY do you buy under personal name or an llc? 

@Vidyadhar R.