Factor that in as wellI'd like to think we're capable, but would hate to dive in and find out I'm wrong lol - You need to make highly calculated moves and be financially stable enough with 6 months of carrying costs for you personally as well as the home you're financing to flip/rent/etc. 

I do feel that stress testing a balance sheet is the only way to really look at systemic and catastrophic risk, especially in situations where effects of risk to repay is not independent. 

Like all insurance, title insurance is a form of risk management.

.  ($30 to measure,  risk worth taking.)  

Mainly I am thinking about if I should risk using 1031 exchange funds from the sale of one of my SFHs for a down payment or if I should wait until I have cash.

Bigger down payment, less risk for your client.

As you post more, you'll get best responses from being in the best suited forum/sub forum.To answer your question, yes thats the basic concept of how BRRRR works and the deal would make sense, at least to me, assuming you calculated all the costs correctly (purchase, rehab, closing and carrying).

Just starting out, you will be considered higher risk, so they may want you to jump through a few extra hoops.

If I end up needing to replace a roof, but the current owner is still carrying the note and paying the homeowner's insurance. 

I’ve had an easy time renting (low vacancy), easy time collecting money (low credit risk), and very limited damage.