To affirm what the others are saying, you are going to need low interest loans to make the BRRRR strategy work.

The risk levels, the work/effort levels, the capital levels, and the skill levels required are on two totally different planes.

I like Colorado and don't particularly want to spend too much time away haha But I'll be lucky to be able to meet tons of homeowners and hear lots of different stories and hopefully earn enough trust to hear some of their struggles and be able to help them on a higher level as well.  

Hey BPer's,I am currently looking at some new ways to finance buy-and-hold properties and I was wondering if someone can help me with the details of how owner financing and seller carry back financing works.There are a lot of forum posts about these strategies that are very high level.

Grew up in Glen Ellyn, great town - glad you found your way to BiggerPockets - it's worth signing up for the PRO level to use the built in calculators (under Tools).

We followed his lead, even joining a 100% commission, very low support brokerage in exchange for him promising my wife and I that we’d achieve a Keller Williams level support from him, without the painful commission split.

Also in your neck of the woods is @Dave Holman, Who's after mid-level SFRs to rent.

Your responses definitely has me leaning even more towards selling given the numbers of a heated market and low cash flow.

If it's a rather low end neighborhood, I wouldn't put that kind of money into it (although I probably would try to open the kitchen up a bit, that is always a big bonus).

I must put 15% down which takes the loan to low to get a 30 year mortgage.