I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.

What made you interested in investing in this type of deal?

@Mary Ciccarelli If the property is a good DEAL it's worth the effort.

I was actually looking for some deals in Hagerstown myself.

Lastly, price point is still super cheap - you can find deals for under $200k!

If you can get a good deal in Fondren and Bellhaven, go for it, but in my experience real estate there is overpriced.  

Market Value of the property: For example, I convinced a FSBO to sell his property for $300,000 with the contract being assignable and I go under contractThen, I find a real estate agent, tell them that I have a deal and I'm offering 33% of my assignment fee which is 30k so the agent would be getting $10,000.

New investors can go at there own pace, build relationships, and get better deals on materials and labor. 

I'm particularly passionate about off market deals and adding short term rentals to our portfolio. 

They also often have 20% off deals at Lowe’s or HD.