The latter will give you move control and make sure it is being done.

And definitely avoid LA rent control areas as then you will never be able to increase the rent to keep up with your costs and will have to set aside money to pay the tenants when they leave.Maybe buy 5 houses, and use the other $250k to pay the bills each month, because you will need it!

@Jeff Faulkner yes and no. of course it’s ideal to pull all of your invested money back out. of course that’s the ideal scenario but i don’t think it defines the strategy. to be honest i’ve done 2 brrrr’s this year and have done very well on them but i did not pull all my money back out. if you really get down to it, there was money that i spent above and beyond what the hard money lender reimbursed and also, i didn’t get back all of the interest at 9.99% that i was paying to the HML.i got a check for 19k at closing. i expected it to be more but am still happy. don’t forget to account for closing costs out of what you get back as that was a 10k hit for me both times. biggest issue for me with brrrr that is actually somewhat out of your control is the dang appraisals. all this talk about rehabbing a property and having the appraisal come in crazy high, yea i haven’t seen that happen.

The guideline says that it "must be occupied by the borrower for some portion of the year" and that it "cannot be subject to any agreements that give a management firm control over the occupancy of the property," among other things.The prevailing interpretation is that if YOU control what days/weeks/months it's available to the public as a STR on airbnb (or whatever platform), then YOU are retaining "control over the occupancy."

Well I cruised around BP and wrote down areas others were talking about and started my research.

@Ryan Crofford If I could give you any advice it would be to forget about wholesaling...its pointless to ponder away the power of equity and building a massive portfolio simply because you don't understand how to structure a deal and control or own property.

., we have used VAs for other businesses and they can be a viable option, but there is often a steep learning curve and you need to be willing to let go of some of the control and accept a 'pretty good' job.

Appraisal is only going to change the amount of cash you can recieve as value will more than likley be different than what you guessed.An underwriter is only going to approve you or not, they do not control what rate and terms you get with the new mortgage. 

Rooftstock does not have control over the data and listings that are put on their site, I don't believe.  

Questions:1) Rent controlled unit but not protected tenants, can they use this (which I found on google) against me to find reason to stay as I do not have 'good cause' in their mind?