I would love to get some advice from other investors who have successfully used the brrr  method on multi family that's fully occupied .

Most investors would benefit by creating a contract template, custom tailored to their particular method of business with the assistance of a real estate attorney.

Hey @Michael Bayrakeri do you already have the lot secured?

Then detail charges on the security deposit reconciliation for rekeying the unit and for the cost of the cleanout.CRLTO 5-12-130 Landlord Remedies:(e)Abandonment.

What generally happens to the property securing the loan?

This method allows you to reach out to the BP colleague and ask who they interviewed with, who they decided to go with and if they like working with their CPA.

The property is located in NJ and the lease is 50% of market rate, zero security deposit with specific disclosures that property is subject to foreclosure (but does not explicitly say lease is automatically terminated at that point).

HiI need more clarification on the BRRRR method when you use hard money initially to buy the property then refinance.

If however this is someone worth millions with a personal guarantee who just wants to limit cash down then their might be more security behind the second.Step 4 will the borrower cross collateralize the second note?

You'd be surprised how many people would happily put their money in a guaranteed 10% return as long as it is secure.