I really focus on finding the right deals so I have been methodical in my approach but would also have to shift FT and move away from my W-2 to make that a reality.

While there of course are some inherent risks with this method it can be lucrative if you execute it well. 

So I'd like to say I'm following the BRRRR method, but I'm currently done the following, Buy, Rehab, Rent, however, I've never refinanced a home, so I'm not sure what the process flow typically looks like other than some minor details here and there. 

I need someone to break the BRRR method down to me.

I’ve found this method to be effective, but very time consuming.

I should want to rent the place for $800, and I can see myself applying the 50% rule to $800 method rather than the $500, especially when it comes to covering the refinancing part of the property.

I am not sure who coined the method but I think it was Cody Cox and he called it the dead money approach to investing.

I used Brandon Turners The Quick and Dirty Way method on Analyzing a property.

Unless you know a licensed contractor extremely well, have supplies already or decide to explore alternative methods for getting it done, my guess is your renovation expenses will be well north of 40k. 

IF we were ever not able to DO the ongoing PM, the cost for that would come OUT of our half of the split.This second method seems like a real win-win.....