Moreover, working with lenders to refinance successfully is crucial to making this strategy work.BRRR isn’t a get-rich-quick scheme, but it’s an excellent long-term strategy for building wealth if executed properly.

Here is a progress update from a small-time investor in Connecticut who is trying to achieve financial freedom. The road has been acquisitions for the last seven years. This year is a stabilization and reflect year.
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I haven't found many folks who have had success with it yet, especially at any scale. 

To be a reliable and successful Private Money Lender, focus on building strong relationships with borrowers and real estate professionals, thoroughly assess each investment opportunity by conducting due diligence on the property and the borrower's financial background, and establish clear lending criteria to mitigate risk.

By leveraging an FHA loan and conducting thorough research, you can position yourself for success in the Wilkes-Barre/Scranton/Allentown area.

Track your deal performance on a spreadsheet.

Analysis wise - theres a ton of variables that come into play when seeing how well a home will perform.

The signs could be falling rental prices, high vacancy rates, falling house sales, or high mortgage rates.Although investing in real estate is generally a “buy and hold” strategy, sometimes it makes sense to sell rental properties if they perform poorly.4.

It comes from buying distressed assets and fixing them or re-arranging the property to make it perform again. 

Like @JD Martin said if you have the right language the seller must perform and close.