In NC, you need to have a certified check for 5% of bid at the initial auction (courthouse steps) and to outbid others during the outbid window (10 days).

All of my  examples were ON market, no back pocket/court house step/yellow letter deals. 

Try using those methods to generate some leads, and then do your market research before you buy so you know you're getting the property at a price where the deal makes sense for your BRRRR strategy.

Finally made the jump and just bought our first vacation rental.My longtime girlfriend and I emptied out the account and put 60k down on an amazing 300k vacation rental near Bass Lake and Yosemite National Park.By conservative estimates, it should cash flow over $1,000 a month after ALL expenses.As I am still learning on the fly here, I am most interested in the next steps in acquiring the next property (and the next, and the next).The house should appreciate some throughout the year, and it is nearly turnkey as it was wonderfully taken care of by a family for 40 years, so we won't be adding too much value with remodeling.My main question to the BP community is "What's the best options to finance our next purchase of a rental property?".

@Teal Price1031 if eligible or die and your wife can get the stepped up basis. 

Good luck with your next steps and hope you find a great team!

Also, before analyzing platforms, I would recommend taking a step back and figuring out what portion of your portfolio should be in real estate, and then figure out what portion of that should be split up into different strategies and asset classes (equity versus debt,  residential versus commercial, core versus core plus versus value added versus opportunistic, etc).  

We are excited to put the 'scientific method' into action and are eager to learn and navigate a new business.

-Would love to get into multi-family as a next step.

.-506 B offering = Investors we know-506 C offering = General solicitation to accredited investors only = More steps to disclose and more steps to verify accreditation status- Don’t need to be licensed, we file a “issuer exemption”, as long as the person on our team does more than just capital raising and their compensation isn’t based on how much they raise.