He's a self-employed handyman and I am rather concerned he won't be able to make rent for long with no income.Maybe he can cover this month's rent, but I'm guessing he's about to be unemployed and crushed with medical bills.He knows he has a big rent hike coming, so we've briefly discussed an exit strategy (before he got sick).

I will tell you the buy and hold strategy is a capital intensive business.

(*But use it wisely) I recently took out a HELOC on my primary to get an investment property in combination with the BRRRR strategy.

Would love to meet and review strategies that have worked in the past, potentially even partner on an upcoming project.Thanks!

Or if you would suggest another strategy to start with, im open to suggestions.

I'll be sure to incorporate this when getting into a contract with a GC.To summarize:Check licenseCheck referencesDo walk through of current projects they are working on, if possibleTry to gather is his/hher business is successfulCheck to see if they've pulled permits@Aaron McGinnis , why would a good contractor not go for a labor only deal?

I think that's right, but I don't know if there are other types of properties (aside from the really distressed ones that might be worth inquiring about) where this strategy is used. 

I'd like to learn more about your Auction.com strategy/services.  

It's okay to be different.A couple examples:1) If everyone is going after Pre-Foreclosure Lists, or Probate leads, maybe you should attack Tax Delinquent Lists.2) If everyone else is contacting by direct mail, maybe you could get actually call, or knock doors.DARE TO BE DIFFERENT (you might fine that a niche acquisition strategy will serve you best).We wish you the best of success,Reach out if you have any questions,ADAM ADAMS

Hey BP,What are some creative strategies that helped you learn and find success in your local market?