Which is the preferred method?

@Charles Kao I think that method is a pretty good one. 

. ($15 to $20k in many places)So if you get some good education and it doesn't cost you a lot, it's still a win.The BRRRR method worked a lot better 5 years ago when prices were still depressed and rising.

I am also a big fan of BRRRR method.  

Definitely worth a listen to see if you can pick up any tips from his method.

In situations like this- where you are hoping to increase cash flow by $160 a month, but do so through a relatively expensive method, I like to ask myself; "How can I leverage what I have and create that same cashflow elsewhere." 

This will allow the building to still generate revenue while you methodically get everything up to market. 

(That's one way) And another way you can buy rental properties is through the method of subject-to.  

Now if anyone decides they feel up to writing the REI Encyclopedia library, not to mention they would actually have to possess such commanding knowledge to write such direction guides in each, but by the time they get done writing it all the information would be outdated because REI is like a river not a pond, it's always moving, adjusting, evolving, adapting.

I intend to utilize the BRRRR method with all in costs (acquisition+rehab+holding) to be between 60-90k.