This all makes me feel that I haven't yet learned enough to do this, but feeling that this won't go away until I pull the trigger on that first deal. 

Most hard money will be interest only payments on the full approved balance of the loan whether or not if you have pull the draw funds for repairs.If you have any other questions, post them below so that we can all learn from the answers.

So, after way too much preamble, my question: Is it worth doing a BRRRR deal where, you put down 100% cash (by pulling it out of other properties, assuming I can figure that out) on a house for about $950k, renovate for $250k or so, refinance on a property now worth $1.4M but then basically just are cash flow neutral after?

Any advice on where to learn about how to pull off deals like this?

And, during one of my many questioning sessions he stopped me and asked if I might be able to pull a deal together.After getting a base understanding of the situation, I informed him that to make this deal work, I would need the seller to carry the down payment and/or consider playing in the potential profits after the fix & flip.

And, during one of my many questioning sessions he stopped me and asked if I might be able to pull a deal together.After getting a base understanding of the situation, I informed him that to make this deal work, I would need the seller to carry the down payment and/or consider playing in the potential profits after the fix & flip.

And, during one of my many questioning sessions he stopped me and asked if I might be able to pull a deal together.After getting a base understanding of the situation, I informed him that to make this deal work, I would need the seller to carry the down payment and/or consider playing in the potential profits after the fix & flip.

I could have pulled money out via a refi, but I would have had to settle for a smaller deal. 

Nonetheless, I’m waiting on the contractor to send all of this in a report to the HOA, and to also pull me in.

Also worth pulling past permits.How much value an extra bath brings really depends on the area.