@Hayato Hori, if you trust your numbers, and the neighborhood, just get it done now, and work out the refinancing options later.

Best sub markets I'm seeing BRRRR's workout in are Gastonia, Concord and Kannapolis. 

Just make sure you find the right partner, work out all the terms ahead of time, making sure that both/all partners bring something ($/network/skills) to the table.

Buy in a good location and it will work out over time.

Inventory is the biggest issue and if you can find something, the numbers generally don't work out to go after it.I'm interested to hear what others think about this!

In that case, I would see if it is possible to work out some type of seller financing agreement.

Doing this would mean I wouldn’t have to apply for a zoning change (long story).Here is my plan:- Purchase the property from my grandfather for $225,000 and workout a seller finance payment plan. - Collect current rents, clean up the place. - Invest some of my own money and find some financing to add pad spots.

There are other details I’ll have to work out.

If the numbers work out then renting it would work! 

He did say he’d be willing to do it on a one deal basis by providing the cash for the deal and then we could decide if it’ll work out long term afterwards,I’m happy to hear that partnership has worked out for you!