Basically, what you are doing here is prolonging your ability to get your brain to kick into full action mode because you are deferring the start date mentally, which manifests itself into your everyday actions (or inaction).

Hi, I’m trying to wrap my brain around the different types of regulations for investing.

So to preemptively shut down lending has me personally wracking my brain.  

Hi Jason,Just some random thoughts on this to bring your knowledge up a little.Everyone is different in how they do this--sometimes the lender will dictate certain amounts for certain things.Some people ride motorcycles without a helmet, some always wear seat belts.It also depends on how deep you pockets are, a Policeman owning the same SFH as a Brain Surgeon might want to have more set aside just in case.Some make a CAPEX, list for their guesstimates of CAPEX outlays based on the HUD guidelines in years of service life remaining for each item.But in (for instance) areas of high winds, things like roofing replacements and insurance reimbursements complicate this.You need to budget for turn cost, and wear and tear also, (re: wear and tear; carpet physically wears out over time, vs. renter spilling red paint on it--where you would charge that to the renters security deposit).The costs in the future will either come from the renter or come from YOU, vacancies, wear and tear, equipment failures, etc...The ones that will come from you, need to be budgeted for--unless you have deep pockets and the amounts seem frivolous to your expendable income and you believe you can just cover them easily.Some people can afford to buy their secretary a new car for her birthday, some have their families huddling around the table eating one can of cold beans for dinner--Ole' one can of beans might not be able to meet the financial needs of CAPEX when it comes due unless he sets it all aside ahead of time.Good Luck!

I would love to pick your guys brains and see which markets are the best for using the BRRRR strategy with multi family housing.

I am curious and would love to pick your brain more if you have time to connect offline?

The very worst you can get is a guy with a lot of cocksure overconfidence and and a smallish, smooth sort of brain, one particularly susceptible to the Dunning-Kruger effect who fancies that he came out of his mother with "skilz" and has no need of learning any now.

Focus on that for 6 months and see where it takes you, by trying multiple strategies your brain will just spin, treat all this knowledge like a buffet- take what you need, and come back for the rest later.Last note- only way I was able to do this was by forming partnerships with people I know, and then going out to professional businesses like banks, title companies, insurance, GC's etc and just talking to them about my vision.Focus and obsess on one strategy and see where that takes you.

Get to know them, pick their brains, maybe organize a local meetup.

I hope you won't mind if I PM some of you to pick your brains about some of your feedback.