According to him, the secret lies in market research and meticulous property management.5.

I want to refi and pull some of that equity out ($200-$250k) so I can keep growing my portfolio but I'm not sure how to approach it as it would obliterate the cash flow I currently have, and in the current market I won't be able to make up for it with additional properties as they would also have minimal cash flow.

Run your numbers meticulously: As an accounting major, you’re in a prime position to analyze cash flow and ROI.

Once completed, the goal is to get them rented and then pull money out of each house to build a high performance spec.

My credit was pulled twice (currently sitting at a 700+ according to Experian) but I don't know if this would affect my score or anything when it come to actually choosing a property and locking in a rate.

A friend of mine started this way, and it made his transition to full-time business ownership much smoother.Document EverythingKeep meticulous records of all transfers between your business and personal accounts.

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.

I agree with @Murali Jesudoss, I had pulled back from investing when things got super crazy in the last year or so, but I believe things are stabilizing and deals will start to become more attractive. 

In order to do so, I would need to do a cash out refinance of the first property, and was told I can pull out $80,000.

Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k