Then you start the whole process over with that property while you wait for that first property to season a bit so you can demonstrate an intent to hold. 

Hi Liam, BRRRR is designed to help you expand your real estate portfolio rather than simply cashing out a small profit that could hinder your growth.

@Eric McginnI would only recommend it if you are ok with also having a strong chance you will have to foreclose at a later date on the borrower and go through that process .

Featuring brand new roof, new windows, completely new electrical system, completely new HVAC system, brand new plumbing inside the house, and all new designer cosmetic updates, luxury inter-locking vinyl floors & luxury stretch ceilings with recessed lighting & full landscaping with new sod up front.

@Jonathan Krystinak...I second Orlando, and our area has tons of properties that are designed specifically for for folks who want to spend some time here, and rent them out the rest of the year.

The tax sale process is EXTREMELY messy.

A mentor can help you avoid typical problems and offer advice, support, and insights as you negotiate your initial transactions.Assemble a trustworthy group of experts to support you during the wholesaling and subject-to transactions process, such as real estate brokers, lawyers, contractors, and bankers.Real estate investment may be difficult, and tenacity and determination are frequently necessary for success.

That is what I did to start investing and buy my first rental unit if you have any questions on different strategies or want to go over your thought process let me know I would be happy to answer any questions for you. 

Our homes were in Lake Tahoe area so building there is extremely cost prohibitive due to poor service contractors, high and slow permitting processes and extreme environmental regulations. 

Good screening processes are a must.