I’m just doing a BRRRR on tri plex, had to pay cash for the building and rehab.Then when it’s appraisal ready should get 70% loan to ARV Or all the cost, whichever is lower.

So I bought a fixer upper single family house that was previously split into a duplex with the intentions of getting it rent ready and putting a mortgage on it to do a BRRRR strategy.  

If you buy a rent-ready (or darn close to it) property and get decent tenants, that will let you learn what you really need to learn as a newbie in terms of the fundamentals- running numbers, conducting due diligence, managing tenants (or property managers).

The other unit isn’t in terrible shape but it does need some TLC and would require some time and effort to get it rent ready again.

After months of learning and researching, I think I'm ready to purchase my first income property.

Buy one 100k single-family that's rent-ready in cash and immediately refinance it, to get out 75k. 173k left.Buy 2 distressed properties cash at an average of 86.5k value, and I will have 75k (37.5k each) to renovate them.What do the experts at BP have to say, is this a good plan? 

You don't want to start the loan until you have permits in hand and are ready to build since they're usually 1-yr loans. 

If they are waiting for you to buy the house and get it rent ready- are they going to stick around if it takes longer than expected?

The real estate license process is a bit more lengthy and time consuming these days.

Do the refi at least a year before sale and put the money in a sunk fund to be ready.