Thank you for the information on dealing with the lender, this will be my second method of attack.

For the first property purchase, it is less critical in my mind to get it perfectly right compared to using the "same method" to compare all of your prospects.  

That is not been possible so I have create a method in order to make sure we are successful.

Caveat to this method is that it's normally takes a long time for the process, also his credit will takes a big hit so forget applying for car loans or credit card. 

The point is there are TONS of ways and methods to get started.

What method would you use to refinance to take that equity out?

So its just not worth it..Of course like much of the wholesaling that goes on Nationwide what one state says is OK the other says is not and those that learn the general methods taught by Gurus or here on BP may or may not care about the laws as they read it here or from a Guru and just plunge ahead...

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

In whatever scenario, what method do you use to agree on the deal (promissory notes, full blown partnership agreements or otherwise?

I’ve been doing research, and am leaning towards using the BRRRR method, since it seems like I could theoretically keep investing the same money over and over again after I refinance the property.