Kristi,This is a great method for sure! 

@Derek Hutson she probably works with the Sandler Sales Method it called "Don'tspill your candy in the lobby!"

Answers to these questions can help you decide which method of valuing/selling the properties is best for your situation.

And, in the meantime, have your application, screening process, and payment method all lined up. 

But even using those methods you are going to have to do some serious volume to get any deals. 

Other than that your only option is to increase your income through methods that you have already mentioned. 

I plan on using the BRRRR method for my first deal.

Many distressed sellers don't want to sell to an out-of-state buyer who only cares about the bottom line price and isn't there to solve their problem.

So that's who the tax payer is (the joint return)It is far more problematic to try and solve an entity issue by making changes right before a sale. 

The only difference is the old method does tend to allow more flexibility to enter into new partnerships and profits splits when you set them up and purchase properties (if you decide to bring in partners).