Andrew this does not really fit the best BRRRR strategy.  

I've been trying to find a deal for a few months - I'm a contractor in Houston, and I do rehab for a living, but I'm having a hell of a time finding a deal that fits that 70% rule.

Ultimately you want to set up a strategy that fits your personal needs and will grow with you in the future.

BUT, if you happen to find someone that wants to sell but it doesn't quite fit YOUR criteria, let me know as it might fit mine".My thought was you guys are looking to buy 60-70% ARV max, well maybe I'd be fine with 80%. 

@Troy Williams There's really no one-size-fits-all structure; a lot of factors have to be considered when structuring entities, which is why it's very important to have a real-estate-savvy CPA and attorney on your team.That said, I'd like to address a few points:You can elect to be taxed as an S Corp even if you are the sole member of an LLC.Under the S Corp structure, you cannot declare "whatever you want" as self-employment income subject to SE tax.

Tons of great advice in here... for me it was "easy", figure out your budget, find a market you understand (for whatever reason) AND fits your budget.

I am relatively sure I can fit in a decent 3rd floor bathroom.

They spoke of fire hazards with the houses being so close together, obstruction of view & encroachement of neighboring property (immediate neighbor), the idea of skinny houses not fitting the neighborhood or looking ugly, even passing judgement that they could not live in a house that skinny or that close a neighbor, when we know there are plenty of new buyers entering the nashville market that would.

If anyone doesn't fit one those 3 options it's bye,bye time.

The remaining 82 acres could fit about 200 building lots, per existing preliminary plans.