So, after discovering the BRRRR method it all made sense to me that it's just a flip but instead of selling for instant profit you'll refi the property and hold it for long term gains.

I know my market well and after I rehabbed my primary residence I had 60k of instant equity and I know there’s more work to be done in my area. 

Some even already have tenants so instant cash flow is possible.

You COULD save up for 6-7 years and buy another, but any time you can find a way to build instant equity and pull capital out - it allows you to scale horizontally quicker. 

If on the other hand the value goes up by 5% in the next year, you've made an additional 7% on your money, in addition to the 42% you made instantly. 

It was a great value add opportunity that we could acquire and have instant equity in.

I use an investigation company that does a more comprehensive check not just the instant credit/background. 

Much more efficient in the long run than trying to cool off 10-20degrees at a time.The problem is that people today want everything instantly and you're not gonna cool an entire house to a comfortable temp instantly. especially when you turn it off all day long and it's 90 outside, 80 inside and you want it 68.

You can blow it all instantly getting a newer car.

If you do want to use real keys get the kwikset smartkey they can be re-keyed instantly very easily.