You are the concierge, housekeeping, maintenance, repairman, marketing executive, tour guide, accountant, and host; to name a few things. 

This is your chance to explain your ideas and request that the Council direct staff to place the item on a future agenda for consideration.

Awesome method and fairly simple to execute just need the right deal and numbers ahead of going all in.

@Bradley Scruggs sometimes a lender will also look favorably on new landlords taking some kind of class for first time landlords.Rhode Island Housing is one such lender but their classes for landlords are actually done through Housing Network RI so I believe they’re open to the public.Just be aware, of course, that when a class is free or very inexpensive, whoever is offering the class, paying for the staff and space, etc. may have a bias or agenda they push in exchange for the free or low cost class (in the case of RI Housing / Housing Network RI, they strongly encourage new landlords to enroll in HAP / Section 8).There’s nothing inherently wrong with that, but it makes it easier if you know to expect that going in :)

I host a monthly meetup in Miami and we have a few investors that have already executed this same strategy.

I have seen many "threat" letters from banks, even, but have yet to see a single bank execute the Due on Sale Clause against a performing note even once...The most common strategy to avoid the situation entirely would be to use a Land Trust.

-Do I need a team in order to execute this RE strategy?

They have a staff attorney so it's kind of a take it or leave it in terms of what they provide.

What makes a self-directed IRA custodian different is that they are not purely connected to the public exchanges and limited to investing in stocks, bonds and funds, but rather have the staff training and paperwork to document the IRA's investment in the more individualized transactions that occur when investing in real estate, notes and other non-traditional assets.

If you refinance your BRRRR property, you hopefully executed the process correctly and receive your initial investment (plus some extra) and can then go re-invest that capital in another property.