For those executing BRRRR strategies or focused on long-term holds, the priority is shifting toward cash flow viability under current rates, not just post-refi equity.

I have a regular home and termite inspection that has been scheduled - my question to the BP community is : Are there any additional inspections / reviews that should be executed on this property? 

This implies If you can execute a good value add (already a challenge on a local BRRRR, but more challenging on an OOS BRRRR), then after a high LTV refi you will be cash flow negatively when properly allocating for sustained expenses.  4) where does it make most sense to add value, cheap markets or expensive markets?  

We learned a bit about rentals but mainly flips and so it was what I was more confident in executing.

It just has to get you on base.Keep going — but consider shifting focus from "creative-only" to "capital-building/saving money + execution."

For lenders, they're looking at ARV and also track record of the sponsor to see if they can execute. 

I do not understand the following: - How can there suddenly be a 2nd lien, with no evidence of such on the county websites, and how could the seller have agreed to the sale and executed the sale contract fully to begin with, stating that the short sale was accepted a month ago if he had evidence of this second lien?  

You need to find the right MTR strategy and execute it.

The first deal is really not about getting a home run, but taking action.Learn how to run numbers and once something pops up that fits your buy box, execute on it. 

Jack - I've heard people say there's several parts to a deal, one is money/capital, but undoubtedly there is also finding/acquisition the deal as well as the execution/operations of the deal.