BRRRR Calculator - What Are Most important numbers to focus on?

[Mike Ojo]

Hi everyone,

Newbie here!

I've been using the BRRRR calculator on Bigger pockets to evaluate deals. Using the forums, podcast and other learning materials, the 2 most important metrics I'd focused on are market/location and cap rates.

So far with the deals I've evaluated, the properties only became cash flow positive after the "Refinance" phase. Given that most of the deals I've evaluated are in California (where I'm currently based) and Atlanta GA, what other metrics should I be looking at? specifically using the BRRRR formula. What's been your experience?

My strategy is to buy and hold 3-5+ years for each property. Please advise. Thanks.