This way you can refinance out all of your cash and hard money positions.Whether or not it will "cashflow" has nothing to do with BRRRR (except for maybe "repeating"!). 

Then in a few years you can find a 3rd tenant for the master, pull out equity, buy a new house, rinse and repeat.

We have found what works and repeat it as much as funds allow.

Being able to drive by your properties frequently to see them in person (even if you have a property manager) can provide consistent peace of mind. 

If they do not qualify because of poor credit or income issues compared to being self employed etc there are differences - but typically people don’t qualify due to poor credit and people will seller finance to these borrowers thinking they woke up at a holiday inn and got a finance degree when in reality they repeat their past mistakesRemember the definition of insanity is doing the same thing over and over again expecting a different result

Did you live in the property during renovation b.) how frequently you renovate and sell properties b.) your intention at the time of purchasing the property.

.  ;-)  I created an EXTREMELY specific business model and repeated it.  

I run into this issue frequently where NJ investors are looking into out of state thinking it is cheaper, that's not always the case. 

The good news is that these properties can indeed be purchased for various investment strategies, including rentals, BRRRR (Buy, Rehab, Rent, Refinance Repeat), or fix-and-flip projects.Purchasing as a Rental or for BRRRR:You can acquire a Freddie Mac home to hold as a rental property or implement the BRRRR strategy.

Get the judgment and frequently the court personnel will instruct you on how you can collect.