You could pull some cash out to do the renovations and then refinance on the ARV once its done in 6 months and take out more cash to buy another investment home or rent that one out and buy a New primary home.If you have any questions on the steps or the process feel free to reach out or send me an email. 

I'd be happy to.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property.

Can be a good strategy, but my understanding is BRRRR is generally dependent on refinancing and pulling back that cash invested to repeat the next one

I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.

There is plenty of good turnkey properties on the MLS for sale that would cashflow using the 1% rule and you wont have to overpay for them on a "promise".

It has a typical unfinished basement with a concrete floor and there shouldn't be any reason to go down there except to do your laundry. 

@Stuart Udis my thought was to spread the risk is why to partner.