BRRR is very popular here on BP.I've done BRRR even before it's called BRRR.In fact, I've done BRRR not just with houses but with APARTMENT BUILDINGS.In my opinion, the risks are lower and the rewards are BIGGER when you BRRR apartment buildings vs. single family homes.

Every once in a while invite one person to lunch on a weekend at a nice--but not too formal popular restaurant (such as Olive Garden) and just talk real estate--not mentoring.

Cleveland is one of the best turnkey market and the most popular for investors because of high rental demand and low cost of entry With that said, don’t go for the cheapest house in the market.

The schools are better and the taxes are cut in half compared to the city and the houses cater to families.I’d try looking in Essex, Middle River, Parkville, Loch Raven, Overlea/Fullerton, Rosedale, and White Marsh on the East side.Dundalk has some deals as well but is a pretty run down area, similar to the city.In the city I’d stick close to the water, areas like Canton, Fells Point, Federal Hill, Locust Point....bit pricier but you can get young professionals to rent there as they’re close to the bars and restaurants.once you move away from there, things get choppy block by block.Happy to provide more details or take a look at anything, lived here my whole life so have a pretty good idea what areas might work.

Hello Nathan, Cleveland is one of the best turnkey market and the most popular for investors because of high rental demand and low cost of entry, property prices are pretty inexpensive here.

Finally, the VA loan is insured by an agency of the Federal government, and as such any laws pertaining to said loan supersede state law; not that I have a clue what you’re talking about when you say the VA can’t insure a loan in Maine.Either you’ve totally misunderstood or someone’s pulling your leg.

Folks that own such properties are going to be in denial about the market value of their home that can't get a Fannie loan for a while, and on top of that the federal gov't just gave them 3-12 months wherein they don't have to make a mortgage payment, so those "motivated sellers" with beat up homes might just be 3-12 months from putting them on the market.

Do you know of any federal or state grants or Gov't backed loans?

Many people below the federal income threshold are getting a bonus unemployment of $600/week that expires at the end of July.We had a woman apply saying she was getting $750 per week of unemployment which appears to meet our income requirements. 

Otherwise cash is a popular option.