To mitigate a "poor financial" decision and to "become a slave to a dream-turned-nightmare" sounds like a really depressed and pessimistic approach. 

I have helped many owners of rentals reposition their portfolios with this approach.

1) Be forced to start investing in small deals that will earn me negligible monthly cashflow to gain "experience" in the eyes of commercial lenders2) Continue to sack away capital year after year until I have cash reserves that will allow me to obtain a commercial loanI have heard some people say that they found co-signers on the loan who have high net worth but the last thing I want to do is approach family or friends with this when so many of them are also young professionals with little net worth or are highly leveraged and busy business owners. 

Hey everyone,I'm working my through a fairly familiar scenario, looking to jump into the brave world of multi-family REI without having the seemingly $100k+ in liquidity to start out with.One strategy I'm considering ...

We learned from our mistakes on our previous post by having the property appraised prior to the renovation which brought back a value of 512k!

Is it best to approach a title company about doing a search and making sure the property would be eligible for title insurance?  

We discovered this deal by being approached by the same couple my fiancé and I purchased our last duplex property from.

His benchmarks for a hold property were $200 cash flow monthly12% cash on cash return15% total return These number cannot be the same for the BRRRR approach right?

One approach I've used is not either/or, but a 50-50 or some other kind of split.

Hard to get this hands-on, personal approach with someone else managing your money.