If the existing pipe collapses before we have the job done the price goes up.

I'd also be benefiting from the latitude to pay down or not on very flexible schedule.

If you have a job you're not planning to quit anytime soon and you don't need a quick paycheck to suport your lifetime I think BRRR is definitely the way to go. 

Or would you get it as a job for those few months?

I've gotten some rentals under my belt on my own, but nothing worth quitting my job for yet although this is my personal goal. 

Maybe this is normal but it seemed ridiculous to expect someone to keep their job(s) and pay rentSince it seemed I was left with no option except to plan on getting prepared to pay March and get the house in good shape so my deposit would be returned and bite the bullet.

You will need a stable w-2 job for 3 years if you plan to use a bank.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

You will make some great connections there and may be able to find a job or business partner. 

That is one of the tensions of a BRRRR that is overlooked - the better the job you do on the rehab, the less cash flow you get.So just something to consider - IF you sold your condo, you're not exchanging it for cash flow.