You also have to finance only once, with a BRRRR you typically finance twice (or all cash up front).Finally Rent. 

would be happy to connect on any or all of it.Cheers,

It would be inadequate to do the analysis.HOWEVER, you can absolutely use an IRR calculation and compare the two strategies over the same time frames.The point is that if you do the IRR for targeted properties with all kinds of variables, you will be able to take into account any kind of strategy, regardless if it is high cash flow and zero appreciation, medium cash flow and medium appreciation, or zero cash flow and high appreciation.My posts are not about which is better.

@Brian Eastman is correct and I will add that outside of being 59.5 there are some (though super rare) employer plans will allow you to roll over some or all of the funds in your 401k. 

In one of the email from her last year, she said "We will be able to use the FIRPTA withholding tax on your 2023 US return against any possible tax payable so you will either receive most or all the withholding tax back on the 2023 US return"However my selling agent told me that I need to pay tax for 20% capital gain, so I am unsure if I will actually get most of the withholding back, or I will need to pay a significant amount to IRS.purchase price about 12 yrs ago was $80k + costs.

Increases in payments have taken most or all of the profits for investors with simple rate hikes.

if done right, you'll wait 6-9 months, get most or all of your cash back... and have a break even property. 

Also, I wanted to follow up on @Wade Wisner suggestion and throw in Virginia Beach, or all of Hampton Roads, to look into as it is a market with a huge military presence. 

Note: these criteria do not work for FHA, VA, USDA, or all conventional loans. 

I'd love to meet and learn from any or all of you!!