If following BRRRR strategy (disclaimer I am just going off of reading here, no first-hand knowledge yet), $65k x 70% = $45.5k.

Maintain the property and begin implementing strategies that promote tenant retention before you need it.Buy in Fundamentally Strong MarketsThe temptation is to chase yield in speculative areas without a strong local economy, but don’t fall for it!

People have looked at me like I’m crazy when I suggest that perhaps they aren’t a great primary strategy from a wealth building standpoint.

So in a BRRR strategy where you buy all cash and refi later, that refi interest is not an expense on that property.Now if you use that refi equity to fund another property, then the Interest may be an expense on the property to which it is allocable to.

I want to leverage but house hacking, would moving from high cost state be better as a strategy?

What is the hold period and exit strategy?

With month to month leases, I don't even have to give a reason for telling the tenant to vacate.I will use your strategy for fixed term leases.   

Focus on a single investing strategy...there are a million ways to make money in this industry.

I’ve learned that with this strategy, you can do them anywhere regardless of price.

I want to follow the BRRRR strategy  and self manage while I am here and work to set in place good management before returning to CO.Like I said I just got out here a week ago and am just starting to network and learn the area.