By doing this, you put the least amount of money down to buy it (can be as low as 3.5%).

I have already completed one out of state BRRRR, have my 2nd (wholesale deal) under contract and searching for a third with private money. 

I have come to learn that trying to understand the space time, money continuum that most contractors operate in is a fool's errand."

Run the numbers, does it make money as a rental?

Rental arbitrage can definitely make a lot of money through cashflow if done right.

For example, I know many people who have bought a house in Ewing for $200k and it's renting for $4000+ a month and this person has put maybe $50k into it over a couple years including a new roof, updated cosmetics, and was able to BRRR out all the money.

it seems like a confluence of factors have made it difficult to get started - there is lots of competition for deals, both on and off market; money is expensive; the trades are booked up forever; etc. 

Of course with myself that simply wont happen :)  I am very straight forward with my business anyone in our business has had bummer deals and lost money myself included..

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

Quote from @Brandon Polcawich: I recommend you spend some extra time educating yourself on how to run the numbers so you don't miss something and get into a bind.