I typically receive at least 10 useful bids.  

So I want to gain knowledge through a person who is experienced in this field to guide and mentor me in the real estate journey.

Gain free knowledge and then act. 

Between the 20% we put down initially, plus equity gained, we are thinking this should be enough money to get into another property. 

You also have to finance only once, with a BRRRR you typically finance twice (or all cash up front).Finally Rent. 

I typically have a new tenant under contract before the old tenant vacates. 

Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flipping homes (primary residence) in the past and is aware there is a limit on capital gains tax for profits under $250k.

You'll gain valuable insights into being a landlord, property management, and tenant relations, and preparing you up for success in future real estate ventures!

A great way of gaining knowledge and familiarizing yourself with real estate investing is attending local meet ups.

From there there's typically a sliding scale pre-payment penalty.