I use Advanta IRA and have been happy with the level of service that they provide.  

I think it's a great strategy to replace the BRRRR strategy for entry level investors who need number of cash flowing property to replace their 9 to 5s. 3.

@Jed Butikofer you are in the right place to start getting the next level of education.

It really depends on your level of desperation and whether or not you need the money.

My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.

These two factors will get investor rates down to a reasonable level.

It will most likely need some level of TLC.

@Roger Garner the strategy will really depend on what level of involvement you want in the project.

We have found that setting our expectations about what we want is helpful (financial performance, level of renovation we can handle, forced equity opportunities, number of bedrooms, etc) and then waiting for a deal to materialize. 

It will provide you with zip code level of market rents, rental demands per metro markets.