The biggest challenge with BRRRR is Refinance aspect.

ProbateTax delinquentDivorcePre-foreclosure, foreclosureJob relocationAbsentee-ownersI've heard on quite a few podcasts that as a wholesaler, focus on 1 marketing strategy, master that strategy until you close a deal and then you'll be able to close more by scaling that aspect of your business to become even more effective and profitable.In many podcasts about real estate investing, there is often a mention of a book or two, or three that has had a great impact on their experience getting started with investing in real estate. 

I've heard of some investors doing a bond approach, for the insurance aspect of it.  

@David BulgrinIf you would prefer to have a more defined exit strategy, maybe suggest that you draft papers on the duplex, stating that you are responsible for "X" percentage of the payment depending on the partnership split.

@Jeff Faulkner yes and no. of course it’s ideal to pull all of your invested money back out. of course that’s the ideal scenario but i don’t think it defines the strategy. to be honest i’ve done 2 brrrr’s this year and have done very well on them but i did not pull all my money back out. if you really get down to it, there was money that i spent above and beyond what the hard money lender reimbursed and also, i didn’t get back all of the interest at 9.99% that i was paying to the HML.i got a check for 19k at closing. i expected it to be more but am still happy. don’t forget to account for closing costs out of what you get back as that was a 10k hit for me both times. biggest issue for me with brrrr that is actually somewhat out of your control is the dang appraisals. all this talk about rehabbing a property and having the appraisal come in crazy high, yea i haven’t seen that happen.

I’m fortunate to have a father who is in the construction business that is teaching me the process of estimating and bidding projects, as well as other aspects of the construction business.

Performing due dilligence on your "future" partners is the most important aspect of this opportunity.

Yes, you want to find properties that you can purchase at a discount, but have you been working on the other aspects of your business? 

* Jilliene Helman brought it every time she spoke and her energy was infectious- She said two things that defined here success.

Whenever I say anything negative about  ANY aspect of wholesaling people lump me into some anti wholesale camp.