The timeline depends on the product you use to do your refinance back out (after buying all cash with no liens).

Especially if you get a long term resident in the ADU and then you might can utilize them to help on your turns of the MTR. 

(probably the biggest key).

I question how much value above costs can be achieved.An ideal BRRRR has zero costs and has positive cash flow after the refi to extract the value add.  

Lend $100k on a deal for typical terms, but with the option to convert your loan into an equity stake in the future?

The neighbor didn't want us to build there and he ended up buying the property.

Hi All,New to the forum and wanted to offer my services.

Unfortunately, North Jersey is probably one of the hardest BRRRR markets in the country right now because of extremely low inventory, high demand, and pushed up prices because single-family home buyers are buying the properties that we all used to buy to fix up because they are desperate.You can BRRRR, carefully, into many parts of Pennsylvania though but remember that interest rates right now make it very hard to BRRRR.

Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

I’ve looked through the forums and but several of the listed banks previously suggested no longer offer them.