Unfortunately I don't think we are understanding each other. 

I understand there is no “right” way to do it but my plan was to get hard money for the purchase of the property and use a heloc for the renovations.

Knowing it means understanding what the potential (real) cash flow will be, based on what you are looking to pay. 

@Jesse Edwards, I was just thinking, based on your original post, you should be talking with the building department to understand if there are any nuances in your jurisdiction.  

.; many RE investors have comparatively longer time horizons, and I would assume that most RE investors have a lower tolerance for risk).I'm a RE investor, and don't have any crypto, but I have plenty of friends who hold a lot of crypto, and we've discussed crypto endlessly...At the risk of sounding like a luddite, even after years of discussions and reading countless articles, I still don't feel like I have a good understanding of crypto.  ...and frankly, I'm skeptical of people who claim to have a thorough understanding of it (yet, there are no shortage of self-proclaimed "experts" who describe crypto with the confidence of someone predicting a sunrise!)

Hi all, In MA, my understanding is that landlords have to hold security deposits in a bank within the state that is interest bearing.

One more question please - with the BRRRR strategy I understand that the term to cash out refi is around 6 months.

I understand some is necessary.

Next it is very important that you understand the difference between professionally managed and self managed. 

I understand there is a 15k initiation fee and $200 monthly.