If you don't have the downpayment, go make some cash so that you do, either through saving from your normal income or some real estate investing efforts.Your point on debt paydown, although true, is not relevant to the argument of BRRR vs. traditional rental.

The bank will want you to be working for a certain amount of time and that have certain credit score plus have your financial ratios match what they want. 

The deals I underwrite have been cash flowing right up until I put debt service on them, even with taking a break even amount in a refi. 

Personal background: Married with no kids, 100% debt free, live a rather tame lifestyle and don't spend large amounts of money, two newer vehicles (2020 & 2024) so no vehicle purchases expected for the next 10 years. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

@Ben BergHere is the process of renting a property with a roommate, focusing on cash flow, financial arrangements, and renovations.

I have hired another company to handle all other aspects of my financial needs.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

My buy box is a home 5 years or newer, A or B-rated schools in the 200K-400K range that will appreciate over time with someone paying down my debt.

If someone can get the SEC or another financial division to take notice then that could change the playing field dramatically.