Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

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.

If you have a 10% interest rate on a car loan, then paying that off would give you a risk free 10% rate of return.  

Hey Andrew, welcome to the Forums.That’s awesome you’ve been learning about real estate since high school—starting early will really pay off.

As I'm looking over their explanation I notice that I am being charged 8% of the rent received from CMHA. 8% from the rent the tenant pays and another 8% of the water bill which the tenant pays. 

It's debt you'd still have to pay back, but at least you will not touch one of those two amazing interest rates. 

To answer your question @John Thedford, PPR's current fund pays 12%.   

I am using the tax benefit along with the principal pay down and appreciation to offset.

Has anybody dealt with Investors Edge and gotten 100% financing after paying $3995 membership fee?

This leaves you with having to pay tax on the FFE allocation anyway.