I would say most of us have two sides, although not always to the extreme.

Extremely glad I found this community!

If so, that property was 100% vacant and extremely distressed with a complete rehab needed.My recommendation would be to post in the thread that you are referencing if you have any questions...i'm sure the OP would be happy to clarify.Hope this helps!

I'm extremely motivated to find my first deal but have had no luck so far.

@Adam Kozuch I don't think you have to go to those extrems.

Most counties work extensively with owner occupants and it's extremely rare that you get an improved property, much less an occupied one.There is typically no mortgage or else the bank would have paid the back taxes to preserve it's collateral.But stranger things have happened...

Water problems are extremely hard to diagnose, and solve...

But at the same time I think doing the BRRR from out-of-state for a newbie will be extremely tough.Ultimately, I would love to buy two properties this year with the intent of refinancing in a year or two to repay my 401K/HELOC and then repeat.I guess this is a really long way to ask, how would your strategy change if you had $100K 401K/HELOC instead of cash?

Rule #1 In my book, you make your money going in, and east orlando is extremely diverse in the quality of neighborhoods.

If you purchase under an entity it looks extremely suspicious.