The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

You can pre-screen them for free, then run the credit/criminal background only for those that pass your initial review so you're not wasting time.

At the same time, someone else reduces your debt, and you get to use the tax code to improve your tax situation legally.  

If substantial renovations or capital improvements are made in later years, those improvements may qualify for new bonus depreciation.3.

You can work with a local credit union that does HELOCs, Home Equity Lines of Credit or Loans, on investment property.

Despite facing setbacks, including a year-long renovation process, I tackled the repairs, improved the interiors, and addressed all concerns.

Sounds like the person knew what was going on with their credit report as they have filed reports in the past. 

Wish I had remodeled the space that is the dining room into an extra room to improve cashflow.

4) Finding a rental application to use - you can use Zillow's (but incomplete) many realtors require NTN credit check, background check and rental history.5) Figuring out how to screen applicants ***** This is IMPORTANT!