If you boost leverage to 75% the cash in your pocket is even greater and the returns get boosted again.Now go forward in time a few years and you can do a few things you can never do with a stock:If the property has appreciated, take out another loan and put more money in your pocket.Or, you could sell the property you can use 1031 exchange to buy a much bigger property, reset the depreciation clock and pay no income taxes at that time. 

This is because, as adults, we ALL have *some* familiarity with cars and money and we know how the business world works!

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Based on national averages, the home should rent for $1,500 or more.If you don't keep up with market rates you will attract lower-quality renters, you won't have money to make major repairs, and you'll eventually get behind on maintaining the property, which means it will appreciate slower, attract worse renters, rent for lower rates, etc.

Save yourself some interest and time. 

Instead of $1500 in training you could buy some liens and consider the $1500 you are saving as a cushion for losses.

A conventional loan with 10% down will not be an option for a car wash.I would first seek to find out if the Seller has plans for the proceeds, usually they need the money for something else.

Cash. pooled money from investors.

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Hi Account Closed, I run a hard money group in Chicago and we fund BRRRR projects.These loans are typically structured similar to fix-and-flip loans - interest-only bridge loans that are repaid with the proceeds from the refinance following the completed renovation.