I live in Southeast Michigan and I am interested in the BRR method. 

When used right, the BRRRR method can allow you to buy rentals at a discount because they need work, and refinance most of their money out because they added value through repairs.

My points are: 1) finding a good deal will provide your best in 2) there are different methods of learning the skills needed to be a successful RE investor some of which may not be glamorous.Good luck.

Unless you have a very fast method of paying it back you run a very heavy risk of the rate increasing to a place where it could harm you in the long run.Feel free to tag me if you have any questions.

Explore over 23,000 real estate-related companies here on BP, you will, after some time and vetting, find your next property manager in your area.

Just questions to ask him as you explore the idea.In the end, just remember that the arrangement needs to be mutually beneficial (especially when dealing with family) and that literally everything is negotiable.Good luck!

Hi Adam,The South is lucrative for investing as you hear plenty of great outcomes from investors who know their local market and have a great niche.Calgary feels challenging right now given the past high of the economy and house prices but smaller cities throughout Alberta seem to be less impacted and could be further explored for opportunity.

One of the best ways to go as described by John Jackson in Tarrant County (Ft.Worth in Texas) who teaches this method for about 15 years and has developed a good sales contract that gets you paid before the product sales and he usually quotes the list price to the owner in a fairly nice area.He usually calls houses For Sale By Owner in decent areas. 

Looking to explore different financing options for some of my deals.

I agree with one of our colleagues who suggested you explore setting up each room as an independent "dorm" or "efficiency".