I'm new to this world but my current thoughts are it will likely be a combination of BRRR and house flipping with a focus on 100K single-family homes in the Tampa and Lakeland areas.

On the ARV and LTV the difference is most lenders will go up to a certain percentage of ARV (e.g. the ARV is 200K so they can lend up to 150K between purchase and rehab combined).

Should they choose they could combine that sale and also perform a 1031 exchange and that would defer the depreciation recapture as @Debbie J.

@Eric Johnson I think another issue I probably have is I'm always wanting to combine my personal savings from my job into the property as well because I know I can use that to cover things like repairs, vacancies, etc and also adding my girlfriends expenses to because she's in on the idea of rentals as well 

Imagine a young couple starting out with a combined income of $70K. 

Hello,I have been doing a combination of house flipping, wholesaling and building a small portfolio of 40 rental units over the last 7 years.

I have considered a cash-out refinancing, but the amount of equity that I have in each property would likely require me to combine multiple to come up with enough funds for the 20%. 

I'm leaning towards this combination for my condo project:LifeProof LVP w/ Underlayment atop Quietwalk Underlayment Is that overkill?

I knew that hard money, combined w/the BRRRR strategy was the way I had to go. 

We have done great with those, but without market appreciation we would not yet have been able to extract all of our investment costs (due to a combination of low LTV and conservative refi appraisals).