Finally, the Thomey rule presents an insurmountable problem for a purchaser where the basis for the otherwise valid defense, such as waiver, only arises at the last days of the notice period (or after the cancellation period) when there is no time left to obtain an injunction.In order to address this conflicting authority and to avoid such practical and theoretical problems, the 2013 legislation added language to Minn.

the latter part of the BRRRR strategy can be a challenge but not insurmountable.

I want to live the life of a landlord and eventually the person leading a team, but trying to decipher the insurmountable amounts of knowledge shared on this site and many others is a lot to comprehend and often leaves me frazzled.Basically, my reasoning behind starting this thread is to get opinions on how to get this thing off the ground.

They are not, however, insurmountable.

I think you will have insurmountable difficulty persuading any lender to do this deal unless your factually-supported ARV is way higher than $150,000. 

So I guess that's more of what I'm hoping to find - someone who could sort of break the steps down for him (i.e. like you said, start with contracted 1099 and then move on to W2 employees), that way it hopefully doesn't seem so insurmountable to him. 

Not saying this is an insurmountable obstacle!

The more I learn the more insurmountable this all seems.

@Eli JacksonThe best sound advice I can give you on getting started is to cool your jets a bit and get $25K on the side that you could put in a little pile on the sidewalk, douse it in gasoline, light it up, and still be all right with your finances and your family.While you're busy getting your money straight you can learn more about real estate investing, make contacts, and refine your business plan.If saving $25K in 2-3 years is an insurmountable target for you and your family, real estate investing might not be the best of ideas for you.

None of these are insurmountable hurdles though, and the benefits can be huge.