Trying to implement the brrrr strategy as I reside in the home.

[Adam Noble]

Hello BP family! My Name is Adam Noble. I'm 27 years old and still trying to figure out what the heck i want to do with my life, but there's something about real estate that continues to draw me in. I know i do not want to work a 9-5 job the rest of my life nor will I be retiring my parents that way either. I'm green as grass to this gig so please excuse my lack of knowledge. I've done a lot of research on the brrrr strategy (thanks to bigger pockets) and I'm getting close to buying a house from my parents. From what research I've done, the house is worth 130k to 150k and I most likely will be buying the house for what they owe, so about 100k or less. I would like to implement the brrrr strategy while I live in the home, so i will still be living in the home as i refinance my money out to then go after more from there. The house is in good condition as is, but I have a list of things I would like to do. Paint, flooring of the living room, kitchen, and bathroom, resurface the cabinets ect. Can it be done this way? Any and all feedback will be greatly appreciated. Thanks again.