Intention would be to buy, rehab and then rent.Strategy discussion:   Upon completing the rehab, I would then take a Cash-Out mortgage to return liquidity to my portfolio, and then likely purchase next house with that cash.Help me understand if I am missing something in this model?  

Have you had to evolve your biz model now that there are crowdfunding lenders in the space? 

Their (the broker's) model is to show listed homes.

But since I'm following the BRRR model, I decided to make the best of them for now, and redo the kitchen and original 100 year old oak floors before selling in a few years.

When I work with people on the "Real Estate Investing" process, I start by letting them all know one thing, "We may be starting as a wholesaler but wholesaling is not a sustainable business model".

That is my business model, doesn't work for a lot of people but has done me quite well so far.  

There currently are no true buy-and-hold crowdfunding marketplaces (although there are a few, such as Home Union, that are trying to do something close to this model).

And I know how to report brokering without a license in Connecticut as well as anywhere else.If one finds that his business model requires intentionally misleading people, perhaps one ought to find a new business model.

A real investment fits your model from day 1.

I also have them write the year, make, model and plate number in the lease so I know who is who.