BRRRR is a great strategy, but from my perspective, the whole point of it is to walk away from the refinance with most of the cash you invested so you can repeat. 

This tends to give our clients information from various different perspectives.

From a tax perspective (and doing your LLC filings), just keep good records of what belongs to what so it can tie out nicely at the end of the year. 

Just for perspective:-In 2016 we lost ~37,000 people to car accidents in the U.S. 

@Clifford R Fowles and Lisa,You should approach it from your long term investing approach perspective. 1) Determine what your long term real estate investing goals and where you see yourself X many years from now. 2) This will help you determine your niche. 3) Then take the time to educate yourself on this niche. 4) This is where you can decide how to leverage your "connector" skill.Hope this makes sense!

Many advantages from the owner's perspective to do so.

It appears many people jump into REI because they heard someone speak at a seminar for 30 mins and the speaker conveniently excluded the long journey it took for them to make that 100k on a flip  🤔From a numbers perspective: give yourself at least 5 years before you give up! 

@John Barrett I appreciate your perspective, it is interesting to balance out the risks associated with doing a deal with poorer margins in a known area vs healthier margins halfway across the country.

Best to work just outside of Nevada City/Grass Valley though from a permit cost and restriction perspective.

From a legal perspective, it will be hard for your siblings to have a leg to stand on.