If done well, it means you can refinance and use that capital for your next investment—helping you move more quickly towards your goal of creating enough cash flow to change your work/life balance.Market Opportunity: Given the current market in some areas, you can still find deals that make sense for BRRRR, though they do take some effort to locate and execute.

Location... built in equity... layout How did you find this deal and how did you negotiate it?

If you do go out of state start with a location that you can drive to or fly to and from in one day, maybe AZ or NV. 

Good location, right pricing, market demand, and 75% ARV deal How did you find this deal and how did you negotiate it?

This Meadowbrook Dr SE property presented an excellent opportunity due to its favorable location and untapped potential.

It really depends on location, quality of home features, amount of privacy for renters/members, and competition.

In your case looking to larger assets where you can effeciently cost segregate to gather bonus depreciation would be a smart move.Appreciation - Where in the country is the asset class you like growing or going to be growingAmortization of the loan - What sector or even region if you look locally for funding, is going to offer the most favorable lending so that less goes to interest expense and more to pay down of principle.Have fun with a spread sheet comparing these 4 returns from your investment with the type and location of assets you find attractive. 

The picture they used was more of a B or C market location.  

It is be difficult to answer in details on a post but I will give you some general info here as a guide:- The legal limit will depend on your location, layout of your house, and parking availability.

Good properties/locations will see values and rents grow at a greater rate.