Its value is substantial and am using those funds to purchase 100% initially and use the BRRRR method to possibly refinance with non recourse loan (pre approved). my concern is the possible tax implications and filings.

I would say give yourself at least 6 solid months of education time before diving in.

@Alexander Felice beginners usually don’t have the money to buy larger properties, and when they start out with something like a duplex, they get experience and knowledge, so that when they have the money to buy larger properties, they can dive in with more knowledge and experience, also I know experienced investors probably like larger properties more, but these ones still give you cash flow, and you many people scale just fine with them.

I've not done a deep dive diligence yet, but from the financials I've seen nothing smells but overall the expenses do seem light. 

The neighborhood appraisals for smaller houses are $800k+ so there is room for substantial ROI but is there a limit as to when the initial investment/financing is just too much to justify?

One of the potential members has a substantial lien against him for failing to have auto insurance during an accident.

My advice is to dive in and learn as you go.

They aren't against it owner finance but want a substantial amount of money down they think.

Once you figure out it is worth your time, then dive deep into the details.Maybe it is actually a flip deal :)

I understand some say that “hands-on” experience in BRRRR is the best way of learning but would starting off with a turnkey be beneficial to learning as well before diving 100% into my second deal (or my first BRRRR deal that I do on my own).