May be something for you to think about and double check whether or not it's the same in your area.The upside to this is that your returns can be great using a rent by the room strategy as long as you are prepared for the specific needs of the market.

Besides, they're not going to actually take the time to vet these private lenders for even paying members) for private lenders and their customer(s) to get together, the lenders submit themselves to a vetting process, and then have all the customers they could handle because of their willingness to be vetted. 

This has still benefited my clients when they sell, but it isn't the same strategy as looking for a property that will have big cash flow the second you leave. 

This part, "get approved for a line of credit from several banks in order to invest in a rehab" is not a wise strategy at all.

Multiple exit strategies and COC return are top of the list!

@Stacy Stilwater - I will DM you, but I do this for a handful of clients nationwide and have a youtube channel (BP won't let me share the link, but you can find me under my name on YouTube) that is strictly about midterm rental property management, midterm rental cohosting, midterm rental pricing, midterm rental strategy, Airbnb v.

I am not an investor but a residential/commercial broker; I am new in BiggerPockets I was just customizing my preferences and Richmond is one of the areas as I do loans for primary, fix and flip, and rental properties.

If your next projects require rehab, you could use a fix and flip loan initially and then refinance them into a long term loan (BRRRR strategy).

You’re in the right place to learn about different strategies, once you figure out which one you want to go with go all in. 

I'm new to REI and considering purchasing a live-in BRRRR in the Denver area: ideally in the area West of Colorado and North of City Park. (1) Has anyone had success in the last couple years with this strategy and area?