Howdy @Isaac B.I agree with @Mike B. and @Andrew SyriosPart of doing the BRRRR strategy is receiving positive cash flow. 

The issue that usually comes up is where exactly is the property line and if they two parties can't agree, a survayor is brought in.

I took pictures and everything for potential Rehabbers, but the price we had previously agreed was a little steeper after looking at the property and the seller was aware.

Just listen…Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode.

But to agree to the overpriced 550k (a price I know won't work) and I can tell the property is in good shape dont know if that would be smart on my part.

Hello Gene, also a newbie here but it occurs to me that you could find a lender that understands your goal and may agree to a large down payment with your father as co-signer. 

@Michinori Kaneko I agree with @Matt K. most of my friends easily afford $2,000/ month rent/mortgage payments but they also drive new cars every other year, buy new expensive clothes every time the wind blows, and go out to $200 dinners regularly.

I took pictures and everything for potential Rehabbers, but the price we had previously agreed was a little steeper after looking at the property and the seller was aware.

@Jordan Hamilton  that’s good but you’re gonna have a hard time getting the seller to agree to that

Just listen…Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode.