Most of the Rehabs and run-down properties that pop onto the market get eaten up pretty quickly by bigger players, and if you are able to tie one down, you usually won't see that value add that you are looking for in the BRRRR strategy.

Make sure you understand how you will compete against them.Town 3:Reviewing the ordinances, they only allow 60 foot long buildings with every 20 feet being offset forward or back from the next one.

@Forrest Faulconer Very difficult, sellers here in Las Vegas are attempting to sell rehab jobs for full retail value and they don’t care how long it sits, even as a beginner I understand that most of these prices are not deals for a fix and flip so I’m thinking of BRRRR to compete with retail buyers because rehab formulas are not working, it’s been overwhelming but I feel it will work out over time.

Multifamilies also just get bid up, and bought up by big players willing to pay cash, and waive inspections, and close in 2 weeks.

You can't compete with the national firms either Financing or SEO power. 

This only adds fuel to Austin’s already insanely hot market by bringing even more buyers to compete for the area’s extremely low housing inventory.

@Liam GalbraithI believe having "accredited investors" is an SEC thing, and it doesn't sound like you are doing anything that requires SEC oversight/regulation.Have you spoken with some competent attornies about your plan to hold Title in the LLC, but have the loan in your personal name? 

Do you have competency in the area?   

They really will be the best people to speak to in regards to what you're looking to do and are the type of industry players you want on your team.

Once you find a competent, hard working, responsive agent do not let go!