I'm mainly interested in the BRRR method and in small multi-family, but all the strategies seem exciting to me, and I may want to try each at some point!

Estimated closing cost is $7776.80 on a $75k washout refi. 

I'd urge anyone who's going to buy a multi-hundred-thousand-dollar asset to throw down $100 (or whatever it costs) to get the full data.If I didn't already have a full AirDNA subscription, I'd be advising my Colorado STR clients to do so. 

Cost was like 30% less than the next cheapest ones. 

Step 3 - no surprise, the renovation costs more and takes longer than expected.

I have bought properties by signing a lease option where I took control over the property, made the needed repairs, and then got it financed to cover my cost and what I owed.

when your dealing with a borrower with experience...its not wise to control the Construction, Its not smart to smudge HUD's (i took myself, title and attorney days to figure out my closing cost went from 25k to 40k)...later to find out most of it was in fees and paying 12 months in advance of mortgage payments.

Just my opinion but one residential property per LLC is an overkill in my mind and just ends up costing a lot more money down the road in administrative / accounting fees. 

Plenty of appraisers have little to no experience in STRs as this asset class (if one wants to even call it that) is relatively new in the REI space, and thus, the method suggested above is probably not that likely to succeed. 

The minimum six-month to two-year redemption period is also a major problem for a lender.If you don't have your own money, the best method is to raise private capital.