I plan to utilize the BRRRR method in and around the Augusta area through a SFH or duplex.

I am planning on doing a flip or a build in Phoenix in the next one to two years.

Sounds like a great plan if you can get an SFR that hits the 1% rule.

Insurance deductible is $5k and I was not planning on filing until I found out about the total loss of the wood floors.  

Cash out: $55,000All money out plus roughly $3,500 in pocket.... principal and interest $767/monthCash flow estimated at roughly: $200/monthMy plan would be to refi around year 4 or so before the adjustable rate kicks in.

If you plan on eventually selling, central air would add a significant value increase, so you may consider if that's the case. 

I sent you a DM if you have any interest in the Midwest/ MidSouth areas to explore some options so you can have an idea of what it may look like to execute your plan!

Before moving forward, have a clear plan for how you'll use the funds, whether for a down payment, property rehab, or another investment opportunity.Good luck!

Quote from @Tom Enright: Hi Forum, I'm about to close on my first STR and plan on materially participating >100 hours this year as I'll be working on the property and plan to rent it the last 1-2 months of the year.

But I usually heard this from people who had never owned a business before, didn’t have the cash to back up their plans, and often were planning to maintain full time jobs.My advice: Start with one business.