Do you all agree with that method?

Show a big bank your $400k in mutual funds and $300k in stocks and $250k in retirement, also that you don't have a bunch of rentals or self employment or landlord income, and will thus be easy to underwrite, and the big banks will stomp guts relative to anyone else.

Are you self employed or work for a company?

He is nearly hitting the 1% rule on an $800k property just north of Columbia Heights by using a rent by the room method.

@Richard Oswald Google "Critical Path Method for Construction".

Is the BRRR a great , safe, idea or is there another method I can use?

And you need to seriously re-evaluate your method of determining ARV or repair estimates - whichever one seemed off.

Payment terms and methods are generally on the contract 

No landlord headaches vs holding for appreciation, but wow-the short-term capital gains (ordinary income rate) plpus the self-employment tax b.s. really reduces your profit.

I’ve been listening and reading about Tom Wheelwright’s suggestion on cashing out on 401k/IRA and taking the penalties and investing it in real estate since new tax laws would be in favor of investors.With new tax laws (2017) and the many deductions (bonus depreciation and doing a Cost Segregation), would passive investors benefit by cashing out their previous employer's 401k or traditional IRA to invest in real estate?