Hi @Stephen,I was just thinking about the implications of this today,  as a  method to add additional working capital.

Currently in the process of purchasing a property that i plan on using the BRRR method.

If you like you day job and can acquire properties at a slower pace, then use the BRRRR method to get your investment properties while living below you means to save cash for the next one.

Would anyone be able to shed some light on their preferred method?  

It makes complete sense how potential sellers will approach using different methods of contact.

I've been buying properties from wholesalers,  getting financing from a hard money lenders, renovating then refinancing properties, using the BRRRR method.

@Brian Walters- I only use methods like this when I want to make an offer quickly and don't have the time to do a full breakdown.

@Naftali Green the most tried and true method to make sure you don't work with scammers is by getting recommendations from other real estate investors. 

I would explore refinancing out of the FHA loan and then doing it again on the next one.  

I like the KISS method and the idea of limiting the options.