The inspections can be a pain, but it depends on what you are looking to do.

Its painful to have the dead equity tied up for as long as I have.  

This means as soon as your income (cash flow) is equal to or greater than the amount of cash you put in (this is where you start realizing your profits), your risk disappears...since you no longer have any cash in the property. 

@Jacob Phillips Yes, in theory, each series is protected individually, but keep in mind that with each series, you need to keep separate operating accounts and records, which can become a pain, but it's a requirement if you want separated liability protection.

However EVERY time they learn that it is going to require a down payment, they disappear. 

I'm the standard BRRR investor doing a refi right now and going through the pain-in-the-neck process of doing a bank refi.

I just started the preliminary discussions with a different broker (I used a 203k loan for a part of the rehab) and I’ve heard from some people refinancing is easy and others say it’s a pain in the ***.

That is painful.

@Russell Brazil oh I know the pain I will feel if I don't use her.  

https://www.wlky.com/article/new-flood-maps-in-jef...Floodplain insurance is a pain and can cut into your margins.