Too many times I see investors not using the proper estimates for repairs, vacancy management etc...

No one has addressed the worst night male on the economy, housing and bad loans.

The municipality typically performs a Use & Occupancy inspection (or a similar name) that primarily looks for safety items and verifies proper operation of major features. 

I've replaced with the proper info in the quote.

@Alex JamaelBe careful raising private $ especially if you are raising it from multiple investors as there are a lot of rules on how to properly raise $.

@Kumar GauravIt only provides asset protection if the LLC is properly managed.Other things to consider is what is your personal net worth.

My father doesn't make money outside of mowing for my mowing business and my mother only makes about $45k so they are unable to afford their nearly $4k/mo mortgage and are very close to short-selling their proper since my mother was just denied for a refinance.My question and topic for discussion is as follows: My parent's 14 acre farm in Northern Virginia (Loudoun County) has a tax appraisal of about $700k.

Sometimes they’ll male 2 or 3 and agree with each other, or resurrect an old post. 

I also agree that properly executing a BRRRR take effort and some knowledge.I recommend everyone start local. 

You also need to have the proper reserves when purchasing any property.