@Ryan Bono Sounds like you've built a sweet team and process!

Also, banks typically use a valuation process that does not favor the BRRRR strategy. 

@Tyler Condon I manage a few properties in the greater Phoenix, AZ area that are adult 55 plus and have great success with them.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

While I don’t typically work with real estate agents to find deals, I do collaborate with other professionals throughout the process.

The process of buying real estate with crypto through a private seller will vary from seller to seller.

I was in the process of about to get into the real estate world of investing until this occurred.

>Successful collection rate on LTR is not even 15%What is the source of this stat?

As far as whether to approach them with or without an agent - approaching them directly without an agent can save the seller probably 2.5-3% of fees, which give you some room to negotiate on the price, but you need to be confident that you are capable of evaluating the property value, estimating on the amount of work that is needed, knowing how to negotiate/ structure the deal, and navigating the closing process.

While may not have high amount minimums, they may have a minimum $ threshold for cc processing, Ours is $0.60, with a discounted plan that could be a few as 8 records.