@Desmond Dunn - I love talking to people about multi family syndications.

There was a tenant that was evicted so there were people living in the house a few months ago. 

@Jeffrey Richard, I know a few friends and people that are having great success with their STR's here in South Florida.

Hi - people certainly do utlize strategies like this - however, as other commentors have noted - DSCR Loans have emerged as an LLC-friendly and short-seasoning-friendly option for BRRRR investors that allow you to do everything by the book and not have to worry about a lot of this.Sharing this article I wrote last year on BiggerPockets on this topic - financing options for BRRRR strategy and pros/cons of eachhttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

The best advice I've heard is to hire people for small jobs in order to vet them.

Awesome work Carlos, glad to see other people with like minded ideas!

That's a method of borrowing money to borrow money, which is how people over-leverage and get themselves into trouble.You were fortunate enough to jump into the market when everything worked in your favor.

Yes wholesale deals are typically off on reno & ARV. if it helps expand that’s a bonus, putting other peoples money to work while you grow your 50 doors congrats on that!

The area is popular for off-roading but these people bring their own RVs.

Overall to me it does seem more risky, but there are plenty of success stories of people who utilized the section 8 program.