@Kasey Gillis find a difficult aspect of what your doing and become really good at it.

Had not considered the legal aspects. 

The main thing is to get educated on the space, immerse yourselves and become experts at all aspects of the business.

I'd rather hear about this type of challenge from a fellow investor rather than from the judge.I checked with the attorney I've hired to oversee the legal aspects of note. 

Basically, is adding a bedroom and bathroom as mostly a play for the BRRRR refinance aspect worth it?

It just so happened to be the most catastrophic case coalescing a decade ago.If you wanted to try to somewhat limit your risk, you could make a long/short trade where you are long a company or aspect of real estate you believe will remain strong (maybe industrial or cell tower REITs), paired with a short trade of commercial or residential REITs). 

I know I will be strong on the rehab side but am leaning toward working with someone else with more experience on the purchase, and rental/sale design aspects.  

but that doesn't account for him getting really good at an aspect of the business, and getting others who are really great at their parts of it to help out.Not a bad idea having your license as a flipper though!!!

(yet cash flow is the most important aspect in picking rentals)I am in the process of clearing $7K of credit card debt.   

We'll explain more about the practical aspects and presentation of IRR's when we write about raising capital in the equity markets.One item to remember: IRR is not an assessment of risk, and is an assessment of generated returns on invested equity over a given time period.