Tools like the BiggerPockets calculator and books like The House Hacking Strategy can guide you further.

My investors acquire with cash as a routine investment strategy to secure properties quickly and eliminate competing buyers using financing.

Make sure to communicate your BRRRR strategy with your insurance agent so they can recommend the right coverage for each phase.I learned this lesson the hard way: https://www.biggerpockets.com/forums/853/topics/1222933-my-b...

Try not to get overwhelmed as there’s a lot of information on BP and many avenues within real estate investing.When I was starting out, I was interested in so many strategies, but I discovered that I did my best when I focused on one or two and really built my knowledge around them.

One approach that I have not seen included in the discussion is as you are still in the planning phase, you could change your approach and the facts to make it more favorable for your strategy.

I personally would revisit your strategy of buying a negative cash flow property in SoCal, right now.

You can look into different strategies in the forums.

Quote from @Gregory Schwartz: I have 2 very close friends who grew well beyond 2 rentals with this strategy. 

What strategy are you thinking of pursuing?

We would also like to know some strategies on lease renewals during non peak months.