Quote from @Stuart Udis: ....But I set the goal of acquiring 50 doors in the next 3 years using the BRRRR method and will then be financially free...isn't that a scalable business :)We see the above type comments from not so experienced investors or business owners all the time being posted on BP.  

I am sure there are people who did it, even on this forum I saw posts by multiple users who claimed that they were successful doing this method.

@Mitchell RosenbergAnother approach is the elimination method.

Brandon Turner outlined this method in one of the older podcasts and there are previous posts in the forums.  

That way, you can get your foot in the door, start building equity, and stay at home a bit longer to save more money.You could also consider the BRRRR method where you buy a fixer-upper, rehab it to add value, rent it out, and then refinance to pull your cash back out.

Hey guys,I have read a number of articles and books about the BRRRR method.  

Any recommendation for the first steps I should take if I want to purchase my first rental property using the BRRRR method (or flipping).

If you figure out another method.   

My answer, yes I currently am buying a $165,000 property in Phoenix (not listed on the MLS) using one of my methods to find, using only $5,871 plus closing costs of my money.

Once you have that amount of units (leveraged), focus on paying those off via snowball method.