So does the BRRR method only apply to SFH?

I have found it more useful to track individual transactions on a P&L sheet, with each transaction described as follows:  Date, Item, Vendor, Cost, Method of Payment, and Category.

Both syndication methods require you have a PPM that very clearly lays out the investment.

If so are can you think of any pros and cons to this method?

What I mean by that, is in theory assuming I have sufficient funds I could travel to any city I wish stay there for a few months to find a deal, go through the entire process of buying and flipping it and after it is sold move on to another city.This wouldn't be what I will be doing for the rest of my life of course, but I would like to take a couple years to travel a lot throughout the country, and I believe this method could help me do thatI know that this plan will have a few obvious pitfall problems, but that is why I want your input to help find ways around the pitfalls such as:- Where to live during this time?

Check out --http://www.lonestarlandlaw.com/Lease-Options.htmlIf you're looking to find Sellers and dont have much money, then to get started you can generally stick to the traditional methods of scouring craigslist ads and other websites for sellers that are renting or selling their own home, making bandit signs to display in your targeted area, networking, handing out business cards, placing an ad in the local newspaper, driving for dollars, sending personalized letters to specific targeted houses, and doing some minimal direct mail marketing in a focused area when you find a good deal on printing/shipping.

VRBO has a terrible calendar sync method.

The cash basis method of accounting is what you describe in #1-rent income is recorded when the cash is received, and expenses are recorded when the cash is paid.

@Trevor Kropp - Did the appraiser come up with a value for income approach that was $50K higher than the sales method or did they neglect the income approach altogether?

I just noticed a disagreement between @J Scott SFH_Rental_Analysis and @Brandon Turner Four Square method for calculating the cash-on-cash return.