Don't waste so much time upfront until you have secured the option to purchase the property.

CAUTION: if you do this method, make sure you have vetted the person and the investment really well before lending any money.  

I have a good idea of how I want to get there, I’m just curious of other people’s paths to get there.My original goal with real estate was to provide additional income for retirement; have a couple paid off houses and help supplement retirement income from my 401k, social security (if it still exists), etc.

I was thinking about offering 12% interest only payments on a 12 month term as I am using the brrrr method and will refi out to pay off the loan. 1 member asked me about some sort of collateral like name on the title which i said i didnt want to do, but it made me think what about some sort of lein on the property during the loan?

It seems to me that you would rather a secure financial position than to leverage your assets to make to increase your cashflow.

From there if there are any deductions that stem from the walk through provide an itemized list of any charges they will incur from their security deposit complete with pictures of any infractions.

But my steady buy and hold method of Real Estate investing has allowed me to exit early.

Moreover, how did you calculate the $1,175, are using the price per sq ft method?  

The owner has an ADT security system in the house.

We need help with the BRRR method.