If the brrrr is going to cost $0 after the value extract, the price of entry has no adverse consequence.   

Finally, cross collateral of second or third lien positions can NOT be evaluated by using “equity” position of the borrower as many factors can make any equity illusionary; the superior liens must be satisfied in full before any equity can be extracted, so if it takes 12 months to foreclose on the cross collateral (when you do the borrower will stop making payments on the cross collateral) and 12 months to sell the property, about 30% of the property value will be wiped out by 2 years interest payments and the fees associated unless the superior lender agrees to let you make the payments, in which case your fronting even more money and may limit that number from 30 to 20%. 

If I invested $100k in the year 2000 using the same leverage and no extraction of value in both San Diego and Cleveland, which investments do you think would have the better cash flow over the hold?

Additionally, most semi cognizant sellers won’t allow the assignment of the contract, which play havoc with a wholesalers intent to extract a profit “in the middle”. 

The people I know who have turned this sales job into a sale BUSINESS spend $10,000 + monthly on marketing, data extraction, virtual assistants, etc.  

Even though I have much to criticise, living in the US could be so much better for it's people, we are sometimes our own worst enemy when you look at things like this money extraction scheme called health "care".

This is a great way to extract equity, but I don't see how you could do that with owner financing.You could potentially create enough value where the downpayment of the next buyer is much higher than the downpayment you put down, and you then charge a few points extra.

You have to be prepared to really push yourself to extract the maximum potential value. 

Typically the higher RE cost market will have the better cash flow (excluding an extract of value) over a long hold.  

It is perhaps my favorite meetup that is not associated with a larger group (such as SDRE, NSDRE, SDCRE).For the most part the lenders only lend on non owner occupied ADU, at low percentage of ADU addition costs because they know that usually the value extract will be significantly less than the ADU addition costs.