I wasn’t trying to be long winded, with too much detail, in my initial post but I actually did this method on a fix and flip.

I recently purchased my 2nd co-living BRRRR in Jacksonville, FL.

BRRRR is not a great strategy in the current market due to the mortgage rates so it's not as applicable as many think from reading older posts or books about how easy it is.

Totally understand that those things don't closely mirror the BRRRR model too closely, but that's what I'm seeing right now. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

After this, we are hoping to pursue more destination-location STRs in Oregon and Washington, and possibly BRRRR LTRs closer to home to diversify a bit.Help me analyze this potential build.

But why would that make them want to use this financing method?

@Ritu MahajanBuild a solid local team, including contractors, property managers, and lenders experienced with BRRRR.

Lenders really value experience for fix and flip and BRRRR investing (especially experience in the same general area).

The interest rate is nice, if there was a way to increase the cash flow to ~15% or greater COC you could pull a HELOC on the property for 9% and collect the delta.again though, i would suggest selling it and trying to lock up a property or two with the proceeds that required some sweat equity, force appreciation through a reno, rent it out, refinance and repeat (BRRRR)