For instance, I make much more money in Appreciation (the Investment aspect of RE) than the fees I charge for managing the property or even the Cash Flow.2) "Cash Flow is NOT a characteristic of the Property. 

So the only difference I see is that I have to pay an additional origination fee of 1-2 points on hard money.

To get information and firsthand experience from investors who have used the BRRRR technique in comparable markets, think about contacting nearby real estate investors, going to networking functions, and participating in internet discussion boards.Furthermore, keep learning by watching videos, participating in forums, listening to podcasts, and reading books that are especially on the BRRRR technique.

I always discuss investments with others in an investor club because other people might think of things that I might miss.

A few additional things to consider between the two loan types: prepayment penalties, probability of closing, points/ fees.... and vesting (LLC or personal). 

If you go to the clerk's office you can read the actual foreclosure file and at least see when the last payment was made from the initial complaint.....then you can guess at accumulated interest, late fees, any taxes or force placed insurance, attorney fees, court costs, etc.

I also see that some have additional reader fees that come with it. yikes! 

The market already always could list at $1 co-op but very few actually did that, sellers also could always list with flat fee $500 MLS agents but most know the value of good agents and rarely did that.

I've had this discussion with my son. 

Hopefully with your pictures and videos, you'll be able to fight it and not pay the fees they're trying to charge.