Looking for opportunities in ARV areas around 80-125K SFR.Looking to find:1) a few good Realtors experienced with the BRRRR method.2) local Memphis Lenders/Banks who’ll do 75% cash out refi’s based on value, not cost.3) Closing attorney & Title Agents who understand delayed financing for 2nd or 3rd+ deals once team is assembled & up & running smoothly.4) General Contractors familiar with buy & hold, value add projects.5) Property Managers with good communication & who you’ve had good success with long term.6) Local investors for possible partnership who have a few BRRRR’s already under their belt in Memphis, TN.7) Your favorite BBQ restaurant in Memphis areaI plan on doing a lot of repeat business & making sure the team profits with me each transaction.

@Adrian CardelleYou can try our favorite funding strategy which doesn't require a great credit score: Private money partners, not hard money lenders who call themselves private money lenders, not anyone who lends as a profession, but regular people like you and me who have some money to invest and are looking for a higher return than they are currently getting with money markets, CD's, IRA's etc.You can start building a list of them with one simple strategy: Get in the habit of starting conversations with people, always asking them what they do for a living or how their job is going.

Now use the 70% rule: If the asking price and/or balance owed plus the renovation costs is 70% or less than the ARV, add this deal to your favorites list.* Narrow your favorites with further due diligence: Get comps from a realtor, interview the seller to find motivations and needs, go see the property, get repair estimates from homeadvisor.com, look up liens/deeds, title issues, code violations, zoning issues, etc. at the county.* Continue to narrow your favorites by the info you find.

My favorite part of the OZ upside in this space is the tax-free upside after a ten-year hold. 

Does anyone have a favorite book on the business? 

@Benjamin McGuire A few of my favorite sources:1. 

I know this because these are my favorite, and most common sellers that I buy from...all the time. 

If the title company shows such favoritism, they lose the ability to act as an impartial third party escrow agent.

BP is going to be your favorite source of information and resources, by far.

One of my dreams that greatly feed into my investing goals is to have properties that bring in cash flow but also allow me to write off my travel and visit my favorite places and stay for free.