Then you can use your left over funds for repairs if you’re thinking of a BRRRR or you could just use them for the downpayment on the 2nd property.  

I'm heading to AZ next week to drive-for-dollars and find my first BRRRR property.

As time goes on and my bonus checks pile up, I start to question, should I just save $120k and purchase a fixer upper SF outright, and then BRRRR it? 

My goal is to house hack 10 times using the fha method, even though that PmI going to add up through the years cant j still right that Pmi off as a tax right off ?

I feel like I’m starting out later than some (I am 33) and It has not been easy finding my “tribe” of REI like minded people in the NWI area.My Niche is single family homes and Stratedgy is BRRRR-NB, looking in Michigan City and surrounding indiana Dunes area as more and more people are wanting to go on weekend getaways in the post Covid world, and for our first close by starter!

Working on this BRRRR. 

I want to BRRRR a property to start accumulating equity and CF while I’m young (23).

Backstory: So I've read most of the BP books and I have 1 property right now and it's a BRRRR, but then I heard that the best deals are foreclosures and auctions.1.

Since title work needs to reflect you own it, the appraiser needs to see that as well, insurance, etc....so expect about a 45 day closing using this type of method...and that's 45 days AFTER you purchase. 

That's a lot to leave on a BRRRR, but otherwise seems good if your market assumptions are correct.