Hello everyone on BP I've been walking with some people and interested in possibly doing the brrrr strategy my only concern being full time flipper how I go from hard money loan part to the conventional loan part if I don't have a proof of income.

You're at the 2% rule which is good......my concern is if it's a $20,000 property it is definitely in an "F" area so you may have some challenges regarding keeping good tenants, collecting rent....etc. 

My concern with your park would be how to make the numbers work with only 8 homes  Rents would need to be fairly high and/or price very low for these types of deals to make financial sense. 

I wouldn't be too concerned about hurricanes blowing it down.

There is a clause that basically says " any delays that are caused by the customer or any other contractor on the job resulting in loss of time or delays or damage will be billed as an additional cost to the customer at XXXX  $ per man hour plus materials .  

Another thing that I'm somewhat concerned with is the tax lien on the property, assuming I package that in to the ARV algorithm?

All fun to visit but not where I wanted to live permanently. 

I’m actually reading Brandon Turner’s ‘the book on rental property investing’ and there is so much good stuff in it, I’m just concerned because it’s based in America that a lot of parts are different here in Aus! 

I would suspect that a buyer’s agent’s goal will be the sale, and will be less concerned with your long term contentment with your purchase.

I’m specifically concerned about the following:1) Compliance with state/federal regulation of investment advisers.