I recently came upon the perfect BRRRR - one in which an 85%  ARV LTV Cash-Out Refinance would return all of my initial out-of-pocket cash for the purchase and rehab. 

If they used all their initial money to buy the place then they are back at zero, have very little equity in the property, and are only cash flowing a few hundred a month, that's not enough to go buy another property in just a few months. 

You have up to 6 months to Refinance and are able to recover up to 80% of the new appraisal amount, provided is does not exceed the initial purchase price. 

By advising them to start with a new construction they avoid, hidden surprises and the initial rehab work.

Trying to establish an initial relationship with banks so as to qualify for a commercial RE loan.

My initial plan is to immediately clear the land and create RV spots to rent out.

If you buy a large property (say 100 acres) for $100K, and sell a few small parcels from it totaling 20 acres for $60K overall, do you have to pay any taxes on the sale or would that still be considered non taxable since you haven’t realized a gain over the initial $100K purchase price (even though you still maintain possession of a majority of the land purchased)?

Within a month of her initial notification I started monthly exterminator service, had a cleaner there and went there myself to clear out all insulation in areas mice had been seen and put spray insulation in all holes I could find around the foundation. 

Samuel,Glad to see new investors taking the initiative and getting out of their comfort zone!

What I mean is, go to these meetings initially with your eyes and ears open, and your mouth..."