How do I make monthly revenue with BRRR???

[Packy Tagliaferro]

I have done 3 flips in the past that have all made 80k - 100k per flip so I get the aspects of remodeling. I also grew up in construction which makes it nice since I can do about 80% of the work myself, thus the higher returns. I want to get into building lasting wealth though so was interested in BRRR. My questions though revolve around actually making money from them since it seems like the cash is always tied up as opposed to a flip when I make capital returns. So here they are:

How can do you make monthly revenue ?

I get how the actual process works. I see people outline with a house costs say 100k. You put 20k into it. So know you have 120k in. The house appraised for 180k so if you get 70% refi you can get your 120 back. Your renter is paying rent on that refi so I would imagine your monthly revenue is minimal, few hundred bucks. To replace a 60K-100k salary you would need a lot of places correct? Or do most people keep full time jobs.

How do you payback initial investor?

This touches on my first question. If I got a private loan for the situation above and promise a 10% return then all the extra rent is probably going to that. How do I pay off my initial investor so I am not in debt to someone?

How do you do 1% rent rule in the NW when every house is around 200k?

Again, touches on my first question. I used the price of 100k for a house. Where I live in the northwest I can only find 4 houses anywhere near me for under 230k. The average rent is 1500 - 1800. So no matter what I won’t be able to charge 1% rent. After appraisal the house would be close to 300k (which is average price) but at the figures people mention, the rent would be 3k. No one around here would pay that in rent. Do you just accept rent enough to cover the refi?

Any insight would be great since I am a novice on this and trying to wrap my head around actual revenue as opposed to just net worth.