If you want to get into the rental biz, sell and buy a couple other places, maybe three.

We have always been buy and hold investors, but have tried to dip our toe into some flips and doing some property management.

Hi BB Forum,You may have read our first forum post a while ago about getting started and more entrenched in the industry on a full time basis in the following capacities: - Wholesale (Stage 1)- Fix/Flip (Stage 2)- BRRRR (Stage 2)- Buy/Hold (Stage 3)We are out of country investors looking at the best market to have longevity in and it's coming down to Pheonix, Houston or Dallas.

He asked what the purpose was and I told him it’s for investing in real estate to buy under valued properties to refinance or flip.

You could even use this strategy with your extra cash to buy in cash, do light remodel, and then cash out refinance most if not all your equity. 

Looking to start in Memphis buying long-term rentals or flipping.

The most important thing is to make sure you understand the ins and outs of the program, what type of condition your home(or whatever you buy) is required to have and the fair housing laws. 

Now I am looking to find hard money to keep moving on light rehabs to buy and hold BRRRR-style.

Hi Shrijan,Welcome to the forum.Personally, I'm not a fan of out of state BRRRR.On paper it all sounds good and great but I've been in the game long enough to have witnessed otherwise.I would always advise doing BRRRR in your own market if possible.There are too many links to a chain with this approach and if one link is faulty, you chain becomes useless.Otherwise, (Yes, I'm bias lol) an alternate solution is buying turnkey.Wishing you much success 

Any suggestions on how to best structure the deal in order to put down less cash or be able to take the cash out if I buy it low enough?