The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

This also comes with a lot more competition.

Hey how you doing I’am currently looking at a 4 plex for sale in my area but I don’t know if these units are below market value or not so I can cause force appreciation once I purchased the units, I watched a few YouT...

Not all BRRRRS are bought with cash, so it is certainly part of the method.As Sean pointed out, you do have financing costs twice and if your method is to find heavy rehabs, some of which may not be financeable through conventional/FHA/VA loans, then you would need a hard or private money lender to fund those. 

since the GFC the appraisal industry is regulated pretty heavy.

Hi Eric,I've heard in the past this is the best time to start looking down the shore, as it's the off-season so not as competitive as if you were to start your search in the spring or summer.

If the competition forced a gym, put in a small gym with treadmills.Good Luck!

While inspectors can tell me what needs to be fixed that is not the same as here is what is needed to bring the ARV to look like XXXXX.In my market its very competitive (San Antonio, TX) to the point that I am going to focus on OFF MARKET leads, but the on market are helping me learn and get my reps in.  

Every market where Airbnb is plausible is seeing a boom in Airbnb's, especially popular vacation markets.The real question is - "can you beat the competition?" 

Even if the project were to be executed in two phases, the land value would still fall short of all of the equity needed to do the deal.So, Your Options appear to be: Sell or Lease the Land, Develop it Yourself (with or without an Investor), JV with an experienced developer or hire and pay a developer a fee:1.Sale or Lease of the Land demands that its value to be established2.Develop yourself looks like a very heavy lift if you haven’t done this before.