One suggestion to consider as I mainly do BRRRRs as well- find a local bank or credit union in the area you plan to buy that offers construction loans.

I'm in the knowledge gathering phase - more time I spend here in BP and other online sources, more I am realising there is a lot more to this than simply buying something off of redfin and renting out

As a CFA you probably know the old quote from Warren Buffett who said something like "buy what you know and understand". 

The best course of action is talking to so many sellers through your marketing that you find the ones that are truly motivated at the price you are willing to buy their property at..

Probably better to post in the Buying & Selling Real Estate Forum.Without details, hard to answer the question.

I don't think anyone predicted that.I've always thought for rentals it's better to buy a $250,000 house and hope for the chance it goes to $350,000 than buy a $500,000 house hoping it goes to $750,000. 

I can tell you: Go buy newer Mercedes cars that ARV for 100k and get them for 60k.

I may pay off my current house (6.625%), pay off half and buy 1-2 rentals or just refinance it and buy 3-4 rentalSI’m interested to see what you decide to do as wellJustin 

What I did get, was on a marketing email list that sells their other virtual products.

Based on the prices, now seems like it's probably a pretty good time to buy in Galveston.