With a lot of younger renters, it seems to be the method of choice! 

One of the beauties of this method is for the exiting owner not having the reporting all of their income in the following year instead of the life of the loan and it usually allows him to close quicker than a conventional loan, like a bank. 

I am looking to apply the BRR method to my first property. 

Many people prefer this type of investment to the potentially more involved route of direct real estate ownership with their plans.

My understanding, as an investor who is not an attorney, is that a properly formed and maintained LLC would protect you from personal liability for anything involving the activities of the LLC.However, if you get a loan to buy the property, you will almost certainly have to personally guarantee the loan which means you could be liable to the lender if it had to foreclose and lost money in the process.As far as the loan showing up on your credit report, that has almost nothing to do with the form of ownership of the property (personal vs.

It's just not how the financial world looks at investments...CAP is a component of "commercial" residential multifamily...5+ units. 1-4 unit properties are often classified as single family (This is how Core Logic classifies 1-4 units)...The properties are valued by comparable sales method.

The way it looks, both interior and exterior, may be involved in the sale and the sales price. 

Yes but most likely will need to replace since it involves a turn-around effort.

Make sure your tax person is leveraging every advantage for you in terms of depreciation schedules on furniture, maximizing your involvement as an "active RE investor", etc, etc.Finally, as you build your team of PM, cleaner, handyman, etc. make sure you retain a fair amount of control.

In some markets, Realtors are not willing to drive tire kickers around (which some people who would get involved in this program would be) if they are not sure they are going to buy something.