Best investment for 500k for newbie to BRRR

[Steve Thompson]

I've been gaining wealth over the years by a more conventional way of flipping and now want to start to BRRR. I have 500k and no debt to start off with, so what is my best bet? I assume buying and rehabbing one property where the total cost will not go over 500k? After that obviously rent out and cash out refinance, etc.? Is that the best way I can use this money to invest? Thanks in advance for the help.