My momma always said she's sometimes you got to pick and choose your battles.

I choose not to use it, regardless.However, even if I'm not going to do BRRRR, understanding how someone figures value and analyzes cash flow impacts investors like me too.  

It’s legitimate but now you’re in a business where the operator might choose to lease a BMW through the business and you would prefer (for obvious reasons) that they lease a Prius.

If you can get consistent, proven monthly positive cash flow of $100 in a Class A area, and $500 in a class D, which one would you choose?

Curious, what made you choose Indy?

You are right to be thinking ahead, there are many factors to consider and making sure you are ready well before you choose to act is wise. 

We recently bought our first MFR based on the analysis from the Rental Calculator, and it seems to paint a accurate picture of what our monthly cash flow will be. 

Unfortunately, you aren't able to choose different methods when determining basis.

I would like to generate enough passive income to cover my living expenses and choose how I spend my time.

When I choose to take a more passive route I will likely combine the two, true MF in traditionally high appreciation markets.if you go the San Diego route there are additional options due to being local like house hacking, active sweat equity properties, self managed (provides a learning opportunity but is work), etc.Good luck