Just playing around with different calculations and analyzing properties and happened across the possibility of a BRRRR with and end result of $1 monthly cash flow and infinite COC.

* A bonus play would be purchasing a small commercial property with at least a 25 space lot in the aforementioned areas; the idea is to convert the lot into paid parking to force appreciation.

IF those members having ownership are not playing an active role in the management of the project, this will be another red flag.

But a lot of their cases are not guilty and just live in he)) for a few years playing their game.

I was very interested many years ago but another career came into play.

If you buy good deals consistently in every market and play the get rich slow scheme, nothing will stop you over the long run.

Find people who work the territory you want to play in.A broker who routinely sells 200 to 300 unit properties is probably not the right broker if you are looking 20 to 50 unit deals.

NOI/CAP rates are definitely exciting to play around with to work the deal.

Do I make a play for all 3 right off the bat? 

Local relationships are good, but conventional lenders have the same line of products...the creative lenders will have a very different portfolio of products...the product you need may not be offered by local lenders in your area.Lenders have zero influence on the deal itself outside of what an independent appraiser/inspector relays to them...local knowledge of markets is not in play at all.