Is my BRRRR Strategy realistic?

[Jessica Parker]

Hi! I am wondering if I am being realistic about mine and my husbands goals of BRRRRing?  We have a 5 year goal to move to FL and we would like to have enough money to live on from cashflow from our properties!  I have been looking in the Alabama market and looking at very inexpensive houses that we could pick up for $20k and rehab and turn around and rent for $900/month, hopefully making about $300 cashflow per property after it's refinanced.  

We won't have enough money to start the process until February...by then we will have the cash to purchase a property and I have a lot of zero interest cc's I could use to help with the rehab process to get us started a bit quicker (more than likely using the cc's would only be for the first and possibly second deal).  I've leveraged CC's a lot in the past when a zero interest deal comes my way..It seems a lot better than a hard money loan. We also plan to continue to save $2,000/month minimum to add to our investing fund. 

Anyways,  How realistic is this, Year 1, buy 2 properties, one after another...pulling out cash invested and repeating the process.  Year 2 would scale to 2 houses at a time,  4 total in the year, year 3 would be doubling again to 8 houses..and we would continue BRRRRing 8 houses a year indefinitely until we are making the cashflow we need.  Does this sound realistic?  

I am also concerned about the refinancing part. When refinancing a property, how realistic is it to find lenders with 4 month seasoning requirements? I've heard of this on David Greene's BRRRR book and other places..I'm just wondering if that's realistic to be able to find that!? When you go to a bank to do a cash out refinance with LTV, Do they do the refinance just based on the income from the property, or do they use your personal income as well? Thanks in advance!