I've been listening to the BP podcast for a little while now, and am trying my best to start actually executing in RE.

Do your due diligence, put contingencies in place and then execute. 

My name is Mike and up until this point i have been a executive corporate chef.

Asking for a friend ;-)I’ve been researching, and am considering an investment in a class A, B 4-plex in the 600k-1m range that provides a .8% to 1% rent to purchase price ratio at 25% down, declaring 1 of the units as a primary residence, then executing cost segregation since the stock I liquidate would yield a 160k capital gain that I could offset (shoutout to Advanced Tax Strategies by Amanda Han for that thought).I could go the acquiring SFHs, but that seems like it’d be more overhead and not leverage my current positions.

I will be closing on the sale of my rental property this March and am planning on executing a 1031 Exchange. 

I was able to execute a few other evictions due to illegal activities, ongoing damage to property, and significant lease violations.

You will likely need a downpayment of somewhere between 10-25% of total project costs if working with a hard money lender, and you will also likely be responsible for floating the first construction draw, as hard money lenders typically fund construction on a reimbursement basis.If executed correctly, then when you cash-out refinance, the new loan will replace the old loan, and you will receive cash proceeds above and beyond the loan replacement amount.A quick example below,Initial hard money loan: $200kNew cash-out refinance loan: $250k$200k of the new loan would "replace" the initial hard money loan, and you would receive the $50k difference.Best,Michael

Do you have a current tenant with an executed lease? 

For example if you decide not to execute your option to buy the property after the 2-3 year period you wouldn't want her to terminate your lease to make room for a potential buyer causing you to have to find a new spot and move your customer base.

Does anyone or has anyone executed a BRRRR in Texas?