However, like many of the rest of you, I stumbled on this little book called Rich Dad, Poor Dad and my entire outlook on life changed, and that was all it took to spark inspiration for me to take steps into the world of real estate--building the asset column, am I right?

I am looking to do flips using the BRRRR method and househacking.

I just don’t get why the methods listed (HUD) would allow to pull out all of the initial equity to move on to the next deal.  

I feel that long term rentals using the BRRRR Strategy should be my primary method.

This method of control is more appropriate for islands and specific inland areas where pest control personnel can make a long term commitment to this technique.

I love reading all your posts and learning from your mis-steps and successes.  

He doesn't have a vast amount of knowledge but definitely more than us.We know a few things have gone wrong in his flips, therefore he can teach us the basic of Do's and Don'ts.My wife and I would like for him to team up with us by providing knowledge.He would not have to do the hands on but just guide us through the process step by step, we are willing to put in the work.What percent should I offer from my ROI?

However, It sounds like you might not have ever done a short term rental before so I would take your question back one step to make sure that STRs is what you truly want to do. 

That's what I would recommend as a first step.

---I understand that i am basically asking the same question as i was in the first thread but i thought i would get better responses in this part of the sub-forum as i'm guessing there are plenty of people out there who are in the same situation as me in that they don't have a "stable income from a job" or are self employed and i'm wondering what method they did to be able to get a mortgage