Should I BRRRR a property or pay cash for a couple mobile homes?

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If you cash out equity in a property, you are "borrowing" that money from the lender.

Most of what you mention is flipping, which can give you big chunks of cash when you sell, but comes with inherent risks and challenges… not the least of which is you being out of state trying to do them.  

I'd say based on the information you provided, in addition to Steve clarifying the caveat emptor nature of Colorado,  you would have zero luck in pursuing from my experience.

We don't spend more than we need to, but she wants to create unique products that both create solid financial returns and provide personal satisfaction and portfolio pieces for her social accounts, which fuel design consultation work, which also helps her earn money.Additionally, one thing we do in our houses, to project a high quality product into the world is very good fit and finish work.  

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kFeature sheet: https://drive.google.com/file/d/1PMMTCmYptc1Jiy14MgAImJyiiEonebQl/view?

We put in a cash offer at asking price the morning it was listed and the offer was accepted right away.

Hi All, I have been researching the idea of putting together a STR portfolio and eventually raising capital once I can create a predictable system around buying and Cash flowing these assets.