In other words, we acquired the building no money down and renovated it without any cash coming out of our pocket as well.We increased the rents of the vacant units and then took the risk by announcing the higher rents for those with expired leases.

Here’s the BRRRR timeline :Closing: 10-14 weeks Rehab: light work (14 days) heavy rehab (6 weeks)Rent it out: spring-14 days Cold winter: 24 days Refinance: 1-2 weeks So my goals this year is to acquire 6 properties this year.

Also, consider alternative means of acquiring properties like Driving for Dollars.  ;-)Are you planning to manage any rentals yourself? 

I started working in a factory last year because that was the highest paying job I could get as the end goal being to invest and start acquiring assets.

If you haven't acquired a partner(s) and are relying on that concept for downpayment and rehab costs, what do you write in your offer letters on properties as escape clauses in the chance you can't find anyone in time to partner up with you?

I recently acquired a nonperforming note, to which I learned that the water has been shut off for a year and a half.

If you're adding a partner right after an exchange, you're relinquishing a partial interest in the newly acquired property.

I am hoping to connect with more like-minded individuals in LA and hopefully be on my way to acquiring my first rental investment property by the end of this year!

I love using the BP calculators to analyze properties, but I have spent my cash on the 14 units acquired in the last 2 years.

You would need to acquire data from outside sources. e.g. if you asked her what branch of the military she was in, who her last commanding officer was and some other details, I'm guessing you would get more riled responses as she's thinking this isn't as easy of a put over as she expected.