I live in sc I would appreciate any help

@Veni F. I

Originally posted by @Colleen F.: I guess that works, telling the tenant hey if you don't pay you are a leach which is essentially what you are doing.

See how much you would have to pay for the re-fi and see how much the mortgage would be after its all said and done.

I went to Austin TX and and my family went to Greenville SC. I

By that point your net worth will have also skyrocketed and you will easily be able to reach your FI goal.

@Evan CarricoYour plan really depends on the applied level of these factors: time, capital, knowledge, skill set, network, effort and maybe some luck.Assuming you are investing in a favorable market for short term rentals (STR), you could use STR partnerships or STR arbitrage as a business model to generate much higher monthly cashflow per property and reach your FI goal in less than a few years with fairly little capital to start with.

My wife wife and I reached FI with a few LTR’s and few STR properties.It has been great we decided to start the management company to help other also get there and to get more properties so that we could hire out the last couple jobs we were still doing actively to manage our STR’s.

While I have no idea what @Joe Villeneuve is alluding to with the number sequence above, I agree that the idea of approaching a goal of $20k/month in gross rents through BRRRR is not going to be the bulletproof path to FI.  

Would ideally like to BRRRR the property using a hard-money loan, and then re-fi 6-months later to pay back hard-money.