This part, "get approved for a line of credit from several banks in order to invest in a rehab" is not a wise strategy at all.

Multiple exit strategies and COC return are top of the list!

@Stacy Stilwater - I will DM you, but I do this for a handful of clients nationwide and have a youtube channel (BP won't let me share the link, but you can find me under my name on YouTube) that is strictly about midterm rental property management, midterm rental cohosting, midterm rental pricing, midterm rental strategy, Airbnb v.

If your next projects require rehab, you could use a fix and flip loan initially and then refinance them into a long term loan (BRRRR strategy).

You’re in the right place to learn about different strategies, once you figure out which one you want to go with go all in. 

I'm new to REI and considering purchasing a live-in BRRRR in the Denver area: ideally in the area West of Colorado and North of City Park. (1) Has anyone had success in the last couple years with this strategy and area? 

During this strategy, I broke even and lived for free, covering my yearly total of PITI.

Only in the past few years has “cash flow” even been a strategy.

What I think is important is to know what your financial strength is purchase the property to structure a loan to best fit your needs or come up with a strategy to allow you to buy the property say in a lease with an option to purchase.

Share your risk management strategies and lessons learned.