BRRRR -vs- Traditional 20% down, buy-hold-rent with 15+% coc-roi

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I was investigating buying a house to rehab. I found a great bargain and was was thinking about going the BRRRR rout but WOW!!! I have to be honest and say that scares the sh&^#@!!#t out of me. I DO see the benefit of getting all of my equity out, but re-investing all the equity makes my stomach drop. Am I just faint of heart?