I stumbled upon a deal in Billings that I am doing a sub to contract on.

If it is a killer deal and you need it now then figure out how to get it now, if its a "just to have", then no right or wrong answer. 

Not at all.I've been answering questions on here for 10 years without ever asking for business and have made 1000s of friends and helped 100s of clients close deals on investment properties.

The question is: what is the most efficient, mean and lean way to start and get the first few deals. 

@John Williams politicians at all levels of government are taking away landlord property rights to protect slum-tenants.We'll soon be like Ontario, Canada where they can't charge application fees or security deposits and it takes 12 months to evict a tenant.Unfortunately, landlords are too cheap to make political donations to stop the madness:(

Depending on what type of income/payout you received from the deal (as shown by the K1), there may be chances to offset some of those tax concerns from the K1 with real estate or other vehicles. 

Experienced rehabber (40-50 deals/year) looking to shop some more hard money lenders.

He has an Inner Circle that gives access to documents/contracts, deal that don't fit his parameters, Zoom calls with AJ, tons of education, access to his playbook, community, etc.

I also suspect home prices would initially rise on the first 1-1.5% of cuts, but ultimately fall once we get to the 3-4% range as large  pre-pandemic supply comes back online, compounded by boomer land lords selling realizing the top of the market is in the rear view mirror (at least for them).If you eventually get squeezed on lower rents and valuations as the market normalizes, the ability to BRRR your pandemic era deals will be limited, so how do avoid trapping capital in the deals you already own from this environment? 

How did you find this deal and how did you negotiate it?