The BRRRR strategy interests me quite a bit and in this scenario, although I'm not renting it out immediately, it shares a lot of the same elements and can provide me with exposure to much of the process. 

Good morning @Haney MallematThe way I  screen my properties is a specific rule I have used numerous times here in northern jersey where prices far surpass the ability to use the rules on BiggerPockets. 

Upon the expiration of the term hereof, Tenant shall surrender the Premises in as good a state and condition as they were at the commencement of this Colorado Lease Agreement, reasonable use and wear and tear thereof and damages by the elements excepted.Can I use that section in the lease to hold him responsible for damage incurred to the lawn when the lease is over?

You SHOULD be compensated for deal sourcing and prop mgmt, by wage or higher equity ratio, but just make sure to give the elements on both sides fair measure.

Additionally, in talking with numerous assessors, they do not agree on the methodology to be used in calculating FMV.  

There are numerous rules around how many properties you can identify in your 45 day window. 

I have run into this numerous times in Burbank.  

Here is a previous discussion on the topic, that touches upon two strategies, while there are certainly numerous others. https://www.biggerpockets.com/forums/48/topics/443...All the best!

Some say that real estate investing is like gambling as there is a risk reward element.

My name is David Krenz, I moved to Los Angeles three years ago from Nashville, TN and worked in the Coldwell Banker Beverly Hills office with numerous multi-million-dollar transactions in the Westside of LA including Beverly Hills, The Bird Streets, West Hollywood.