Do you have two years employment ? 

Legal residents of other states are not required tofile a Georgia tax return if their only activity for financialgain or profit in Georgia consists of performing servicesfor an employer as an employee where the wages forsuch services does not exceed the lesser of five percentof the income received from performing services in allplaces during the taxable year or $5,000.3.

I make sure mine qualifies as Schedule E income (rental income, not self-employment income).  

I'm really interested in the BRRR strategy so I'd love to connect with anyone who's used that method before as well as CPAs, lawyers, and financial advisors who work in, and are passionate about real estate.Thanks,Cyra

The difference between the two treatments is whether or not you pay the 15% self-employment tax on your profit.Still, I side with Ashish in recommending professional help, as my suggestion needs a more detailed discussion before implementing, with a few pitfalls to address. 

@Clay SellersIf the 401k is with your current employer, then you likely cannot roll any of it until you terminate employment. 

Of course using the best tax free method of cash reinvestment available at the timeSome lenders have 2 sides to their bank; find multiple lenders who do commercial lending.

To be eligible for it you must be self-employed or have legitimate business with earned income. 

What are some of the restrictions you have to take into account on the refinance when doing the BRRRR method?

Many investors have use this method to get their feet wet and build wealth.