So BRRRR would never work with the example you gave, the ideal BRRRR involves you creating 25% equity in the combination of purchase and rehab.

@Kyle RobichauA commercial lender can combine 5 different properties in to 1 commercial loan, so that shouldn't be an issue, the question is , can you still get a conventional Residential mortgage?

As a result we decided to offer the other existing tenants a one year lease at their current rent they have been paying (roughly $125/month below market rents).Each situation is unique, but hope this helpsBest,Ryan

I'm about to close on my first BRRRR deal with all cash using a combination of a personal loan (Sofi), my own money, and private money.

Hey Michael, i own and run a marketing agency and for me personally, when i see real estate experience, i automatically give the person a boost in the application/interviewing phase. for me it's just an experience we share so i'd like to talk about it or know in the future we could. so i guess i'm saying unless there is a reason not to put it on your resume i would. i shows responsibility in other areas plus additional skills, and you just never know what might make you different or unique when applying to a position. 

I'm pretty sure I've explained before why Detroit PM's are so terrible (spoiler: low rents and unique challenges = 2x or more the work of most markets for the same revenue).

AK isn't as competitive market as other parts of the country, but if there's another investor in your area, chances are they have already mailed to the absentee owners.Consider combining absentee owners with other motivated segments such as Owners with Low Financial Stability Scores (FSS) or Seniors with Long-Time Ownership.

There are definitely lenders and agents that deal more specifically in foreclosures, because there are unique aspects to buying encumbered property.

At the very least, I've heard 15% combined for repairs + cap-ex. 

Depending on the age of the structure, you may want to increase the monthly repairs + cap-ex budget to a combined 15%, maybe even as high as 20% if there's a lot of deferred maintenance.