That way, you can get your foot in the door, start building equity, and stay at home a bit longer to save more money.You could also consider the BRRRR method where you buy a fixer-upper, rehab it to add value, rent it out, and then refinance to pull your cash back out.

Quote from @Stuart Udis: ....But I set the goal of acquiring 50 doors in the next 3 years using the BRRRR method and will then be financially free...isn't that a scalable business :)We see the above type comments from not so experienced investors or business owners all the time being posted on BP.  

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

They have a total of 2 posts both defending the subject company, guru, method, etc.4.

Not the most scalable method, but I like the benefits it affords me while I am still a smaller operation.Completing 500 builds in just over 10 years is impressive for someone who just sorta fell into it.

You can definitely spread your cash out pretty far here using this method and scale pretty quickly with the right boots on the ground team!

Any recommendation for the first steps I should take if I want to purchase my first rental property using the BRRRR method (or flipping).

Homeowners will always pay more than investors, and the easiest way to get the property in front of the masses fast is to list it. 

I would encourage you to learn the market you plan to invest in now and to continue to learn about the different methods of investing.

Was looking to save where possible in this market but the method I proposed is not worth the consequences. looks like 20% down it is!