So if you have a cash flowing property, borrow 75% or less of the ARV, have reasonable credit.....you will get approved.The main issue that I find with a "cash out" request and the BRRRR method is that you are likely NOT able to get cash out.  

Just ask about each lenders borrower profitability standards.

You will have to work with lender who knows your situation well because it involved gift funds since you are going to be borrower.

I live in California and the property that the borrower wants to use as collateral is in Texas.  

Some countries do not have taxes which makes it even more difficult here for commercial lenders to assess the borrower for loan purposes.

Would you give a quick explanation of an REO - is it any property that a bank has had to take back from the borrower because they have defaulted on payments, or only certain types of properties or situations?

It's a crazy world.The most important thing to remember is this: never let favorable borrowing terms turn a bad deal into a good one.

I'm happy to share the lease I use with you if you'd like to look it over and borrow anything that seems helpful.As for clubs, watch for the monthly BiggerPockets Denver meeting.

You do not have authority to pull credit on the borrower.  

Borrowing money is riskier than cash because if it all goes to crap, you still own the bank.