He outlines what essentially amounts to a BRRRR but with the caveat that the property is owned by his LLC and then sold to his wife.

I'll outline some strategies here:1) Education - Books - read the best books on the subject but also these books (Deep Work; and Essentialism).  

Its a legal entity protection wise and you can outline the details in the operating agreement.

An article recently outlined that the Chinese investors in US real estate are now trying to sell their properties.

Obviously this is a very general outline because I'm always scouring for properties.

If you don't have time to read the whole book, I recommend listening to the podcast that outlines the main points (episode 223) or search the blog for similar content. 

Not sure how many rehabs you've done, but you might be fine on the timeline you outlined due to the rehab taking more time than you are budgeting.  

So if you have a property in mind, find out what the rents are for 1,2,3 bedrooms and follow the steps Nicholas has outlined above. 

Outline of the deal:SF: 93,461PP: $4,050,000 ($43.33psf)Capex: $508,000Title & Survey: $16,000Broker's Commission: $101,250 (2.5%)Total Acquisition Cost $4,687,654 Equity $1,875,016Loan Amount $2,812,593Loan Costs 1.00%LTC 60%Interest OnlyInterest Rate 3.50%Going-in Cap: 7.73% at 66% occupancyGeneral Vacancy: 8%Market Rent Growth: 3%Exit Cap: 8.5%3 Year HoldResidual: $54.64psfUnlevered IRR: 9.1%Levered IRR: 15.5%Equity Multiple: 1.47

I am familiar with the process, and the title company pays you whatever is dictated in the assignment of contract as your assignment fee.In an assignment you will assign your contract with the seller to your buyer with an assignment of contract that will outline the original contract price and your assignment fee.