thank you for breaking that down. my biggest take away from learning about the double close was that if it came down to EB not at ease about me making say, a 20-30k wholesale fee, a double close would leave my fee undisclosed to EB. but like i said the process seemed pretty face paced so i wanted to be clear on that and not get into a situation where i opted for a double close then was like..

The biggest con that I experienced was that after receiving the initial check at closing to fund the construction, I had to put up the money to continue construction after that.

The additional costs not factored include: adding electricity to the additional 5 units, paving the driveways (would use either limestone or asphalt), and then the biggest expense and unknown would be bringing in the additional mobile homes.

Trying to find my first deal that’s the biggest hurdle. 

That house is now in its second month of returning $1100/month net.I'm ready to make real estate investing my full time job in 5 years, with my biggest interests in small multi-family (2-6 unit) buy & hold rentals in the Austin-San Antonio corridor plus Houston, and will probably feel the bug bite again to take on another BRR project as the second or third house (let a gal rest for a minute!)

I think the biggest lesson on this one for me was that if you just start doing stuff, things can happen.

The biggest problem was water damage from a busted pipe and water damage to the added porch.

@Todd DexheimerPatience will be my biggest test .

The biggest hurdle you run into getting these completed is getting all the contractor information complete and approved.

What are some of the biggest issues you have with working on these homes and with these types of loans?