Hi, I'm Eric! I tried to strike out on my own and kind of fell flat on my face! since then I've gotten the opportunity to work with a my cousin's wholesale group remotely and I'm excited to use what I've learned here ...

Whichever method you use is your choice and preference, but this is where the automation typically starts. 

All transactions involving IRA must be "arms length".

@Dane Stuart you should get involved with the local REIA in Lexington.

We used the basic "Four Square Method" video to determine costs vs income.

On a side note, I would love to connect with anyone, especially anyone involved in the Cleveland / Memphis markets.

The BRRRR method is great, but I am a bit confused as you seem to be talking about doing it with your current house. 

May seem like common sense, but obviously fraudulent lenders are looking to prey on people that may not be familiar with the financing methods of investment properties (newbies), or have no other financing options. 

Something like putting in a offer of $140k and will beat any other offer up to $150k with verifiable proof of offer.”Does anybody recall this method or the particulars?

There is the positive cash flow while having a tax loss benefit too consider with this method, but if you 'buy and hold forever' (somewhat our plan also) there comes a point where with rising rents and declining interest payments when that tax loss benefit goes away.