Once repositioned the expected CF could be approximately $30K/month, less the debt owed for getting into the deal.

Quote from @Sarp Ka: Quote from @Patrick Roberts: Am I understanding this correctly that youre expecting to get a $700k property for $500k because youre paying cash?

You may run into issues with re-tenanting and it may take longer than you expect or cost more.  

Was fortunate enough to lease for higher than expected rental rates.

By then I expect to have a clear plan so I can move into action.

Better tenants expect better and treat the property so.

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You’ll want to weigh the interest rates and closing costs against your expected timeline.

The more properties you acquire and refinance, the greater your returns can be.Potential Risks and ChallengesWhile the BRRRR strategy has great potential, it’s not without its risks:Unexpected Renovation Costs: While you may expect to rehab a property for a certain amount, surprises can arise, especially with older homes.

There are 85% LTV DSCR loans but expect a higher rate-sometimes 1% higher for the same borrower profile compared to a 80% LTV.