Great to see your determination, CJ, that’s the #1 factor that separates people who talk about BRRRR from those who actually build portfolios with it.A couple things that help when you’re just starting out:Hard Money Lenders: Build those relationships early.

It’s great to see you're focused on both relationship-building and value creation, that mindset is key when attracting capital partners.Ground-up developments like a sports complex can offer big upside, especially if you’re in a high-demand or underserved market.

I'd consider also establishing relationships with some other local banks so you can also get future funding if looking to add more to portfolio.

This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

I am focused on building strong investor relationships and creating win-win deals What made you interested in investing in this type of deal?

Either way, bringing these points to a CPA or estate attorney will make the conversation much smoother.This post does not create a CPA-Client relationship.

.- The house has a lot of potential with its historic charm - Wonderful yard     Cons:- It’s very old (built in the early 1800s) and has a lot of issues.

This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

@Jonathan Warner - not to oversimplfy but historical data from your properties can serve as a helpful benchmark, but you’ll want to adjust for property type, age, and expected repairs.  

It's a nice town, but SW FL has historically been the first to go down in a crash and that area, when it goes, crashes hard.