Dave Ramsay Vs. the BRRR Strategy

[Trent V.]

Hello,  my name is Trent.  I am a Commercial Helicopter Pilot by trade.  I have spent many years interested in real estate but have been focused on my career for the most part.  I love my job but it does steal a ton of time away from the family and I’m interested in being in a position to not need my job even though I love it.  My interest was sparked in 2011.  While I was deployed I read Rich Dad along with a slew of other books about wealth growth.  My main focus since then has been growing in my career field which took much longer than I anticipated.  My hope is to own a portfolio of properties that will eventually be paid off and lead to an early retirement.  I’m new to bigger. Pockets forums but I am trying to take actionable steps towards my real estate goals.  

I have recently began listening to Dave Ramsay. This has mostly been to learn a different take on a path to wealth. My question is. If you use the BRRR strategy and you never really pay off your loans on let's say 30 properties at 100,000 each. Now you owe 3,000,000 and maybe your making 9,000 in cash flow a month. Technically (according to Dave Ramsay) you are broke. The income your making is not going to build fast enough to pay off the loans. I guess I just want to hear some more arguments in opposition to the BRRR strategy. To hear them talk on the podcast it's a full proof plan with no drawbacks. I know this isn't true. What are some worst case scenarios? What would you tell someone who is an avid Dave Ramsay type of financial strategist?