And if Russel stops actively participating, then the very next quarter whoever IS still contributing automatically gets the helm (this should trigger a notification and an email to both).

I will hold off on refinancing until my renters pay the mortgage down to $90K (or I pull the trigger on making the garage a fourth bedroom and bathroom).

Being financially responsible is the first place to start.Mine were, after doing #1 for a few years:2: Get educated in real estate3: Decide not to go get an MBA, hire a mentor instead.4: Network and meet potential partners5: Pull the trigger! 

Since it's not commercial, a conventional loan cannot be initially setup in the name of an LLC, and technically it would trigger the "due on sale" clause to transfer the title after closing.

Here's my summary and two cents.Save up a little more Connect with local investors through groups like Rarebird, and take people you meet out to coffeeTalk to Property managers and realtors in markets you're interested in Practice running proformas on deals so that you're prepared to pull the trigger when a real deal comes along.Spend energy hunting for off market opportunities, because you might find a great deal by knocking on a few doors or sending a few letters.

Moving into it doesn't trigger a taxable event so as long as you own that house you'll never pay the tax on the gain or have to recapture depreciation.6.

Looking to pull the trigger on my first BRRRR in the next few months. 

It's not clear to me what the trigger for disclosure is. 

I've been a real estate Broker for over 16 years, helping others buy/sell real estate and have closed over $70M in volume, yet I can't seem to pull the trigger and buy my first investment property for myself because I always seem to talk myself out of a deal for one reason or another. 

If any or all of the other loans you have are callable on demand, the lenders of those loans will pickup on the judgment when it is granted, and this may trigger demand calls from some of your other lenders.I believe you need to contact the lender and try to work something out before it spirals out of control and you end up filing a bankruptcy or doing a voluntary asset forfeiture.