The VA also has a one-time close construction loan SF only, this is a beautiful tool if you find a lot that needs a house, the builder takes all the risk and you just sign papers and get a key- if done correctly it would be a home run- I see on Zillow today a three lot sub for $183K in Chula Vista if you have other VA friends you might get a great deal from a builder.

Nothing untoward came up and I was also not able to find any first source references of their credibility.

Hi Account Closed, I think your time would be better spent attending a conference geared more for beginners like Paper Source this spring in LV or Note Expo next fall in TX.

Anyone have a good DFW contact that will help with that key 3rd R in the BRRRR strategy?  

I didn't read this to ensure its accuracy but it certainly looks to be from a credible source. https://www.irs.gov/pub/irs-utl/33-Real%20Estate%2...Cliff Notes:Real Estate Professional Qualification • Material participation in each specific rental • Material participation in separate Real Property Trade or business • 50% rule • 750 hours rule • 5% ownership ruleReal Estate Trade or Business Defined IRC Sec. 469(c)(7)(C) Any Real Property: • Development or redevelopment; • Construction or reconstruction; • Acquisition and/or conversion; • Rental Activity that is not a Passive Activity; • Property management; • Brokerage activities.Example 1: Laura owns 5% or more of a real estate sales office • Works full time as a broker • She owns 3 rental properties and: • She finds the tenants; • Approves tenants and leases; • Approves and oversees repairs & improvements • Net rental losses are $31,000 and her modified AGI is $160,000 before the losses • Deduct the full $31,000 in the current tax yearExample 2: John acquires old homes and contracts 3rd parties to renovate and ready for resale.

I am currently looking at 2 BR homes on the Key West golf club. 

Keys will be given after funding has taken place (not always on the day of closing, sometimes the next day) and title docs have been recorded with the county.

I've had better experience with "fair market" transactions listed by motivated individuals.My advice is to have your agent to set up a search for vacant houses with key words like 'fixer-upper', 'probate', etc.

Mario:I'm an advocate of using a master-key / sub-key tree for buildings  - even 2-4 unit residential ones.  

As to your strategy, remember OPM is the key to building a real estate income machine.