BiggerPockets is full of great people carrying out great strategies! 

For several months, I prepared to take on a new job that brought in less money, but the schedule allowed me to take on 2 other part-time jobs that carried me to my next chapter.Start small. 

To offset the build cost you need more units to carry the lower margins initially. 

However, I offered them only $7500 down and got a rate of 3.5% on owner financing.I have another deal I'm working on that is a 53 unit portfolio that the seller will carry the note and is giving me incredible terms. 

It sounds like the ONLY benefit in this deal is the 0% carry-back and you are trading that for a reduced rental rate renting the property back to the family member.

I know some people that have property free and clear don't care if they lose it and only carry liabliity insurance to protect against accidents on the property, medical or legal bills, etc.Do I have no other recourse but to carry full coverage?

While private lending can be lucrative, it carries risks such as borrower default and property devaluation, so thorough due diligence and legal protections are crucial.

So paying someone 30% to carry your food across a room is a-ok but if that landlord dare raise rent on the HOME I live in.....

The roof is from 2008, and I assume the bank is carrying insurance on the property.

Many lenders, including my group, offer a DSCR product to refinance on the back end as well.Before taking out a loan for a BRRRR project be sure to calculate all carrying costs (taxes, insurance, utilities, HOA, loan interest, etc.) to ensure (i) you have sufficient cash to cover monthly payments for at least the duration of the project and (ii) your estimated rent after repairs is at least 1.10x PITI (monthly refinance loan payment principal and interest, taxes and insurance).We have a proprietary BRRRR cash flow calculator tool that we share with our clients to help reliably assess costs and returns for these types of projects.