I’ve noticed quite a few of you mentioning the BRRR strategy and it seems to be sound.

I think I was literally listening to the podcast this morning, it was #218 with Erik Stark, it’s not all about the topic you mentioned but he does talk about it in the podcast.

Your best option is to explain your situation in great detail and even then, your responses will be split as to which way you should go.One thing I will mention is that once you become a powerhouse with the number of units you have, you may have more leverage over the banks. 

I’ve noticed quite a few of you mentioning the BRRR strategy and it seems to be sound.

I work in a companion position to commercial real estate appraisers and as such have had opportunity myself to conduct title searches - one of the houses I mentioned earlier was also an estate property that had been flooded while the relatives sorted the will. 

If you mention that Phillip Bicker referred you they will take even better care of you ;) Ruth Ratner Cheshire , CT http://www.CTproperties.net

Or at least my loan processor asked me and mentioned a max of 70% LTV.

As mentioned, the gift tax may kick in too.Keep us posted on how this progresses.  

I should also mention that if I do a rehab, I would like to start with more of a "remodel" so that I am able to start small and build up my risk tolerance.

I have found the best way to address is to pull all the carpet and spray the floors with Kilz, as you mentioned.