I'm trying to BRRR and add value to cash out refi in 3-6 months to buy another.  

In our little town, Buy & Holds will probably be the best strategy, but we are open to all sorts of techniques and methods.

Get to know them, buy them coffee and spend time with them.

No one on this forum will be able to answer his question unless he wants to provide his income tax information.Capital gains at the federal level is either 0%, 15% or 20%.He may have capital gain carryoversIt may potentially be considered a business and subject to ordinary income which would be at his marginal tax rates.No one knows where the flip is done or in what state which impacts his state income exposure.

In tenant LL terms, making it harder to evict marginal tenants result in rent increases.  

The statement is buy real estate and wait, not wait to buy real estate.

@Amanuel GebrelibanosIf you are going to buy or sell 1 or more houses a year than you should get your license if you want to save money.

Exited the deal with everything we put in and the margin.

What is your buying criteria?

Most Costa Rican mortgage loans require %50 down which we have the cash for but we don't want to tie up that much of our liquid assets in one property as we intend to buy a 2nd property in the next year or so.