Got luv BRRRR.    

In contrast, large rips or indelible stains justify a deduction from the tenant's security deposit for repairing the carpet or drapes, or replacing them if that is reasonably necessary.One common method of calculating the deduction for replacement prorates the total cost of replacement so that the tenant pays only for the remaining useful life of the item that the tenant has damaged or destroyed.

HI Gloria,- yes 75% of gross - PITIA can be used when no tax returns exist like many have said above, however there are ways to "elect," to use this method of calculation even if  income/expense data is showing on the tax return.

Save money, create your team and figure out what method and where you are going to invest.

Well, I'm going to be trying a similar method, but without and holds instead.

Perhaps you have a different method of calculating cash flow. 

I've found it to be an excellent method for building a client base.

It's great to hear what successful investors have done and their different methods.

Purchase a multi-family in an appreciating neighborhood, put some sweat equity in the property refi and repeat BRRRR (overtime).However I am not sure if a cash - out refi on a BRRRR would void the tax exemption, but I'm sure your accountant does.

I just dont know the pros and cons, after pulling the cash out of buying a property fully with cash and then refinancing within 6 month repeat repeat aka 'BRRR method'.