You have more of what you need to do real estate now than 99% of folks that start.My best advice is to stay in construction (you have an established track record) and use those contacts to rehab properties using a BRRRR strategy.

I'm excited about renting it out and starting my BRRRR  strategy to success.

So...I recently bought a property planning on using the BRRRR strategy.

Also, as you self educate you will find a more specific strategy, the more focused you get, the more someone else can help you move forward.

Seemed to me that there may be legal issues with doing this, not to mention it just seems very unethical, and outrageous that someone would be willing to agree to a deal like that anyways on a $20-30k house.Any ideas on that strategy or how that would work?

@Lisa Rispoli- How about this strategy: Get a bunch of your attorney and doctor friends (ones that are looking to park their money somewhere), pool everybody's money together and go out and buy a property cash.  

I know there are ways to make profit in either market with varying strategies, so why are investors so worried about it?

This is part of one strategy my wife and have for our investments.

(BRRRR strategy, tons on BP about this).

Example:  Purchase price = $250,00020% Down = $50,000Rehab = $50,000Cash required = $100,000 plus closing costs Mortgage =$200,000 (4.5% APR / 30 years)P & I = $1,013Rental Income = $2,500Expenses (50% rule) = $1,250NOI = $2,500 - $1,250 = $1,250Cash Flow = $1,250 - $1,013 = $237 per monthDo not forget the HELOC paymentIf you do the BRRRR strategy the difference will be in your mortgage payment.