Having read extensively on the subject and listened to numerous podcasts, I'm excited to get started.

So a good COC return is a lot easier to obtain when using leverage. 

Based on what I have heard/read thus far, it seems like I don't need a formal legal structure such as LLC for running this is as an active business (but I may set up an LLC for asset protection, which is allowed by my mortgage lender).

Don't make your life more complicated than it has to be.

Backflip LLC is an awesome company, they provided a lot of helps in this remodeling. 

Eager to make connections, learn more and make lots of money!!

@Anthony Blanco100% through networking and building a positive reputationI do not sell - I provide a lot of content and education to people (at no cost).Networking, assisting others and when you have a deal make sure it goes well and build a track record is the way we have done it

Sorry, it’s a lot.

Generally, for the optimal refinance, these are top of mind for BRRRR strategy investors:Return of capital: The key “secret sauce” of the BRRRR method is to build portfolios using the same capital over and over—which relies on getting your basis (or more) back on the refinance, where basis refers to the money you invested in the property (down payment and cash used for renovations).Speed: Refinance lenders use the term “seasoning” to refer to the amount of time (typically in months) between the purchase of the property and the refinance.

Is it the repair is to fix the it and make it functioning, and replacement is to improve and add more value to it?