So the BRRR there isn't AS attractive to me.It's hard for me to imagine a market with a good employment base not at least keeping pace with inflation.  

@Jon Lanclos I rent STRs to contractors working at CVR Refining in Coffeyville Kansas.The most common thing I hear is every Monday morning when doing pre-employment drug screens for the refinery is "I wish I would have known about your furnished houses yesterday". 

I am also totally self employed and putting together a financial statement at any point during the year is easy in Quickbooks.

Right now economy is good, stock market is high, unemployment low so the possibility your family/friend tenant will have Employment issues are low. 

Or possibly roll it into the 401k I have with my current employer where I can take a loan against it? 

I’m currently a student at CCSU (Central Connecticut State University) and am employed as a dispatcher for a local police department here in CT.

(Other states may be similar)Clear and Prominent Identification of the Employing Broker: A licensee must ensurethat all advertising identifies, in a clear and prominent manner, the employing broker’s legalname or the dba name contained on the employing broker’s license certificate.

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.

I’d like to employ the BRRRR strategy for long term Buy and Hold.

Self employed is often AKA UN-employed!