It is unrealistic to do what they teach in these books with BRRRRs unless you are putting in sweat equity or leaving money in the deal imo

FHA has caught on to this trend & updated the guidelines to prevent people from abusing FHA financing.Here are the guidelines directly from the FHA Handbook:Policy Exceptions Eligibility RequirementsRelocation: A Borrower may be eligible to obtain another FHA insured Mortgage without being required to sell an existing Property covered by an FHA-insured Mortgage if the Borrower is: • relocating or has relocated for an employment related reason; and • establishing or has established a new Principal Residence in an area more than 100 miles from the Borrower’s current Principal Residence.

I agree several of these could be deal breakers depending on your particular investment criteria. 

I think the reason for my failures so far is lack of direction and leadership in the field.

How would you structure that deal? 

Will fund deals up to 100% purchase and 100% of rehab costs3.

Seems like the 10% would be  paid to deal with the headaches, but in reality it doesn't seem so.

When analyzing new deals absolutely you need to budget for all 3 in your calculations.

I have done this its a great strategy if can find a deal where can cash out refi afterwards, hard part right now is finding deals that cashflow after a brrr its getting very rare. 

What made you interested in investing in this type of deal?