@Mary Winter let's look at this logically.Who has checked utilities to see if supposed to be in tenant's name per lease and if they are?

I agree that the gain could have potentially been offset by utilizing various different methods such as a Sec. 1031 exchange, but this would've just kicked the tax can down the road further (except for death which is a whole other topic). 

Hi Lewis, no better way to build wealth by utilizing the loans available to you especially VA loans.

typically a BRRRR property is so distressed that it's not possible to purchase with conventional financing - so the usual options are actual cash from your own checking account (if you have it), or private money or hard money. 

If we're being honest, not all properties utilized on a nightly rental basis should continue to be operated that way..after all there is only so much travel demand to go around.

If you have 100k of cash in the bank, how would YOU utilize it to yeild most cash flow/return. i'm considering all startgies, but essentially it depends on the deal and market. however, i''m focused on cash flow. 

Many can probably launch and operate utilizing less initial investment and allow the revenue to pay for upgraded furniture and furnishings. 

Utilize PropStream or BatchLeads to identify cash transactions and skip trace the buyers involved.

A lender is not going to lose money on a deal for you to gain experienceYou will need to partner with someone to get experience and at the same time start savingTo answer the other question you typically will need 20-30% down to get hard money

Hello BP team,I’m going to utilize a HELOC from my personal residence to fund investment properties.