So I want to break down the deal below, and get a few of your suggestions on what our next move should be AFTER the rehab.Found the deal at an auctionIt is a single family home, 2935 sq ft, 4 bd, 3 bth in and absolutely FANTASTIC neighborhoodPaid $150,000 for the housePaid about $6500 to closeAppraisal came back at $187,500 and it hasn't been updated since the 90s as far as inside appearanceNo major flaws, mostly cleanup, cosmetics and updatingFactored in $30,000 for the repair costs (roof, flooring, paint, kitchen/bathroom updates)We put $30,000 down for down payment$120,000 will be financed at 4.5% PITI is $1030 (after remodel PITI will go down as we are switching to a landlord policy)After remodel will rent between $1500-$1700, maybe more but doing a little digging on corporate rentalsWorst case will cashflow right around $300 per month ARV will be in the range of $250,000 on the low end.  

So I am planning on executing this awesomeness by snagging a SF or Duplex and utilizing the BRRRR method with funding from a HML.

Hence the name Boomerang HELOC method.

Listening to the podcasts I have been intrigued by the BRRRR method.

We were able to get a better rate and keep more money out of the deal that method as it appraised for more after is was fixed up and performing.  

People refer to this as the BRRR method. 

My goal is to implement the BRRRR method in order to purchase a property every 6 months or so.

My response rate was fantastic though and most people were very respectful whether they were interested or not.

You never know what situation a person is in, you may not be aware they would never sell a home through a Realtor, and you may not know they've had their home listed as a FSBO for the past two months with zero traction.On top of that, mailers & canvassing neighborhoods looking for the odd house out of the bunch are good options as well.I've personally never wholesaled before as I got my license when I first started out, but a wholesaler's method isn't much different than a Realtors at the end of the day.

does not mean this will also happen to you.So this is what you do.YOU need to do a cost/deal calculation for every method for lead generation you are considering for your market.Now you know how much money you need IF you were to do DMM, or IF you were to do bandit signs.Now this is DATA, so you are not gambling much here.Then factor in the effort it takes and the time it takes for a deal.Bandit signs may be almost free but it is illegal and a LOT of effort and work, and again risk for hefty fines.DMM simply is a bad idea... so figure out what is feasible and then you go for that!