Hello, fellow investors,I'm venturing into the realm of real estate investment and am eyeing a property near my neighborhood for a potential Fix & Flip or BRRR opportunity.

@Edward JordanI recommend a consultation with real estate tax accountant to discuss your options and potential tax implications. 

Work on your numbers - be sure to calculate potential cash flow and ROI.

Title insurance insures against many issues that could come up later, but they will only issue this insurance after a title search that shows there are no known title issues or if there are issues you could potentially get insurance that excludes those issues and assume that risk yourself. 

Potential problems resulting in bad ratings.

Whether it's analyzing market trends, scouting potential properties, or diving deep into the intricacies of investment strategies, I simply can't get enough.

However, building up to a $7,000 monthly income would likely require a significant portfolio of notes, more than the initial capital might allow for starting.Rentals: With $20,000-$70,000, you could potentially use leverage to acquire one or two properties in markets where this capital suffices for down payments.

Say you find two potential investments: a mom-and-pop coffee shop or Starbucks that both generate $100k in Net Operating Income per year.

The method you mentioned (BRRRR) is operating on the calculated risk that the property's value will appreciate enough (after renovations) that you can pull out a comfortable amount of cash and use towards your next purchase... all while the potential rental income from the newly updated property going towards paying down your loan balance. 

I second Account Closed on this one, I feel like nothing kills a deal with a potential cash-flowing condo then a brutal HOA/Condo Association.