Then start doing flips, buying notes, tax liens, and more to help increase your capital while the rentals provide a foundation to rely on in case a fix and flip goes bad.By the way if you plan on managing the property yourself, try using a service like cozy.co or something similar.  

I am interested in the BRRR strategy and house flipping and would also love to offer any services that I could potentially provide to more experienced investors in hopes of learning the ropes and getting a few deals under my belt.

These are coming in the 6-9% interest range.Another possibility will be an Non QM alt doc loan, but you will still have to prove qualifying income.

well you can thank the internet  sites like BP  late night television evangilist RE guru's webinars podcasts etc etc.. facebook.. linkdin  etc etc. and the burning desire from many to get rich as absolutely quick as possible and some irrational idea that real estate is the way.. take the bar to entry is non existent and you have a lot of beginners.the reason you have all this wholesaler activity is because the market has strengthened and they can't buy a home like they could pre 08 only way to jump in with no money is try to pimp deals.

He's a  PM for non resident landlords in Detroit.  

So in essence we could lose 3 out of 10 tenants and still cash flow enough to service the debt without coming out of pocket.

Cap rate does not apply to non commercial properties.

Message me.never know how we can be of service to each others efforts

@Carson WilcoxThe self-directed IRA can obtain a non-recourse loan form a hard money lender or bank for investing in real estate.

Refrigerators are typically considered "non realty"or "non-real-property" items since they are not attached to the house.