My question is, is this the normal way of doing a cash out refi for a BRRRR and pay closing costs twice?

There used to be one, but normally people post questions in the larger groups and simply add the location (usually Canada or the province) to the heading.

Hello,I have a preapproval for 3% down payment conventional loan, as I own no property.Haven't found a house I like, I wanna be patient looking for my to live-in house, but I still wanna get a rental property where income covers all costs while looking for my own house.My question is, can I get a normal 20% down conventional loan for the rental, and then later I get a conventional 3% down loan for my house?

Amateur GPs are normally NOT good at this and many have lost all their investors money. 

Or is this a normal thing that happens to every wholesaler?

Many people are suggesting to do a 1031 but have no idea what your gain / tax is(if any).Co-ops in the tri-state area 'normally' don't appreciate a crazy amount.The main reasons is the high monthly maintenance costs, over-leverage of the board, potential difficulty of buyers getting a mortgage and the approval process of the buyer.With that said, talk to your CPA to discuss what your gain / tax would be before thinking about a 1031 exchange.If your tax burden is low, don't bother with the 1031It may be possible that you have suspended passive losses to cover your tax burden.best of luck.

Look at the side(s) of the house that gets the most weather (south and where ever direction your winds normally come out of).

So, if MTR are really LTR, then we have a large inconsistency with marketing channels.Secondly, “normal” LTR residential property leases run 12,24 or 36 months.  

Adding an addendum mid contract is often difficult when it favors one party over the other.I guess I am a little confused... bring on a new property normally comes in 2 forms - 1.

I have three STR properties that my wife and I have self-managed but from a tax perspective we've only taken the normal depreciation the last few tax years.