I assume you guys are independent agents.Except for a lower premium, how are you a better choice versus the big names?

Much per month are you losing, versus how much would you lose now if you sold it at a loss.  

Most people would consider it easier to pay online or on their phone versus going to the bank getting a money order etc.

I have a house right now that I was thinking about doing a cash out on but after doing so I would only cash flow about $90.00 a month versus the $200 it gets now.

If you crunch the numbers, the ROI / net CF versus what you might pay to buy the home is much higher than stick built.

Hey Matt, my logic being: using a value of $190k, at paying 5% down or $9.5 versus 20% down or $38k, the FHA loan will allow more access to cash to buy the next property.

Your contract probably provides an out for you in this situation, but it might be advantageous to require the seller to address any issues versus you just walking away.  

Technically, each one of my BRRRR could also be a flip deal since it is bought 70% of ARV minus $60 per sq ft (which is what I found it costs me to do a BRRRR rehab in my market).If I were using my own cash on the BRRRR versus a 2nd lien position GAP private loan, my return on the BRRRR would be 70% IRR.

I definitely wouldn't consider myself a millionaire just because I had a million in assets without subtracting liabilities.There's no real rule for "millionaire" status, its not a club or anything, but I'd wager that anyone with any sense when they are throwing that term around are thinking net worth. 

Versus, you buy a property here and you may be losing $300 (or lots more) per month.