The reason he suggested we do this is so we can give her power (and just pay it ourselves for her in the meantime) while we wait for the inspector to come out and approve the base meter upgrade, and then to send that to PPL, and then to have them come put her meter in, a process which could apparently take several weeks.Has anyone else done something like this?

On the other hand, Option 2 with the BRRRR strategy entails owning a single property outright, building long-term equity, and potentially cashing out through renovations, but it's a slower ride, relying on successful renovations and favorable refinancing options, and you're starting with just one property, which may limit your income potential.

Nothing inherently wrong with either, but something to be clear on before investing money, since the controllable successes or failures of a property are going to come down to who is actually putting the deal together and who is running it.I would also be certain how the capital is flowing from deal, through primary sponsor, and down to you, the Spark Rental investor.  

I've helped clients find success in Carbondale, CO.

I know a lot of people have been successful using a lot of debt to build their portfolio it's just not the way I do things.

Hey @Desmond Dunn Congrats on your success thus far!

What aspect of the process are you looking for advice in: finding property, financing, landlording, etc?

Depending on the part of the lake there will be different permitting process.

I would love to learn how to do ALL of the process and instead of small commission on a JV contract, to be able to do this all myself and start my own LLC...

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.