Best case, they get bailed out by market appreciation before the property bleeds them dry.

Pretty cut and dry process.

You listed two but in broader terms financing (assumable, owner financed, sub to, fha, new 95% OO LTV that in most ways is superior to FHA, dscr, F/f conventional, NACA, VA, etc), value adds (development including ADU, upzoning, traditional rehab, sophisticated value adds that leverage localized rules, coop/tic, etc),  property types (residential, commercial residential, land, storage, MHP, industrial, office, camping, hotel/motel, etc), passive/active investment methods (GP, LP, REIT, nnn, self managed, pm, flipping, mineral right, lumber rights, etc), residential rent models (LTR, STR, MTR, rent by room, student housing, arbitrage, etc).  

Hello Jack, in Texas I find a lot of investors using the Subject 2 method, especially with FHA properties where they are at or under water on their mortgage, but most of the mortgage rates are under 4%.

To make the most of this opportunity, I'd love to hear advice on promising emerging cities to focus on, the advantages and disadvantages of each, and alternative financing methods beyond traditional mortgages

The seminal book on the strategy, 30-Day Stay, published here on BiggerPockets and written by MTR pioneering investors Sarah Weaver and Zeona McIntyre, has helped popularize the method.

Their standard contract absolves them of their actions and hangs you out to dry so they can continue providing poor service to tenants and owners.

My friend has invested in Cincinnati OH these past few years using the BRRRR method.

Im finding some really nice deals in Northeast Ohio (Cleveland Metro) that I’d like to get some buyers on using the wholesale method of investing.