This deal taught me the true meaning of “expect the unexpected” in real estate!

Looking to get into the BRRRR game and trying to estimate how much renovations will cost for an average distressed 2-3 bedroom home roughly 1200 square feet or less.

I have a few lenders who do but they still require some money from the borrower so they have skin in the game.  

Assuming that's true, I would recommend looking for a replacement property (or properties - you can purchase multiple in the exchange) with value of at least $725K (selling price).  

.: In a prior post from about 2 months ago, Kerry Malarkey and Nathan Gesner mentioned a small landlord is exempt from FHA requirements requiring the acceptance of emotional support & assistance animals if one of the following is true:"Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at once" (Quote from Nathan's reply))https://www.biggerpockets.com/forums/52/topics/1219359-pitbu...Given this, if a landlord does qualify for the exemption, what exactly does this mean? 

I was trying to get started, had all the information but needed to pull the trigger to get in the game. 

This is the only way we've found that LPs can feel safe enough to share their true experiences - good, bad, and ugly. 

A large part of me feels guilty for playing in this win-lose game that the establishlent has set up that makes people rich while at the same time sidelining others.

A simulator/game could really help with that.

It’s a longer-term game, though, with higher upfront costs.I’d say spend some time researching your target area and connecting with local investors or meetups—they’re goldmines for market insights and networking.