I am expecting/anticipating a 15-20% cap rate and am looking forward to the next property to BRRRR!

I am trying to find the best method for finding a good REI mentor.

Using a HELOC for your DP is best suited for a BRRRR or when you're getting a lot closer to a 2% deal.

Figure out your goals, how you want to utilize REI to accomplish them and utilize your strengths to select which method as there are tons of ways to make money in REI.   

If these two methods fail then I feel like you could do 2 things.

I am a new member and have been reading through materials, I going to be in a position to purchase a couple of rural properties in Michigan.This has me wondering to what my best options may be for buy and hold rental properties, go traditional financing methods, or look at starting right away with BRRRR?

Using this method, the borrower's monthly payment is still affordable but we collect what's owed to us at the back end. 

That spread is called forced appreciation and its really the whole point of the BRRRR method.

If you have defined criteria for applicant qualifications that do not discriminate or violate any local, state or federal laws but still serve your needs for finding quality tenants, that is the best method for protecting yourself.

Do you all agree with that method?