Maybe someone's money has a higher limit...but it's still a limit.I have been using the BRRRR Method for 20+ years (before we even had a fancy acronym for it). 

I know when I was looking at places, I got a less expensive place that was more of a student type rental given its location and the other option I was thinking of what maybe 75% more ($130K vs $225K), fast forward almost 10 years and the $225K is now selling at $325K while the $130K at $150K.Diversifying-if you can get two good homes instead of one fancy home, get two. 

I don't do anything fancy, but I had a heckova time finding a CPA that could follow what I doI buy using Subject To and Land Contracts and I do a Sandwhich Lease Option depending on the property and the state and I sell to Tenant Buyers on a Lease Option (or Land Contract if Texas).

The government provides $197 per month for utilities and the tenant routinely runs far over this, averaging about $200 per month more than this.

By the way, we’re getting really fancy with taxes here.Jason:Right.

I have to tell you, if you give something a name all of a sudden it is some fancy, proprietary type of thing that everyone wants to do.

. - Also a method I used before but needed more follow up from me was working with Bird Dogs, basically if you know someone who works in uber, mail carriers etc... some would be willing to locate couple distressed properties while going on their normal routine and send you the pics and address to check them up yourself.Finally If you can spare a little more going with an agency that can pull a  targeted list and do the cold calling for you and you close the deal yourself would be your best bet.

Spoiler alert: These are a routine occurrence with emotional 18-22 year olds.Thats no Joke... 

Renovations that are longer term type renovations like roof, HVAC, windows, and other major systems and renovations are typically CapEx, where as routine maintenance and repairs are typically OpEx.

Constant communication with the lender and/or mortgage broker, submitting documents in a timely fashion, and routinely getting updated underwriting checklists can help to streamline this process.As a new syndicator, the single most valuable team member you have is your sponsor/key principal.