BRRRR strategy possible downfall?

[Jeremie Torres]

We all know how beautiful this strategy is specially after your ARV expectation come to fruition when you're on the refinancing part of it. Get to cash out your initial investment or to payoff your private/hardmoney lender or reinvest on your next BRRRR.

But what if some years later and the value of the property went down significantly? Will the bank come asking you to pay them back of that lost value? How often does it happen, if ever?