It is one of the most cost efficient methods as well and low startup cost.  

Uptown is looking really promising...but it might be a few years before it gets to where it should be.The turnover would be a larger concern for me.

I have a house that I purchased to do the BRRR method with.

I know I could probably go hard money but my concern is being able to refi into a normal bank loan within 6-12 months because I'm certain my equity won't be sufficient by then, even if I'm reinvesting all profits, and especially since the payments will be interest only. 

The good news is that the criminals you are concerned about usually have other indicators they won't be a good tenant, and you can review those without discriminating.Criminal background checks aren't just disappearing in Portland and Seattle- expect it to be a national trend. 

Which is why you are having a hard time.If it is your first property and you are not looking to do a flip, it is not worth trying to necessarily get the loan under an LLC.Most first time real investors don't have much asset (if any) to protect to be hugely concerned about the liabilities of owning real estates.When you get to a point where you have a lot of assets or significants to protect, you should start to seriously or solely considered doing it under an LLC.Scott Trench wrote a great article, take a look at it.https://www.biggerpockets.com/renewsblog/2015/06/0...

Can anyone share experience they might have using this method or thoughts about it?

Apart from that, there are gold nuggets from time to time.You might see a new method to try in these BiggerPockets blog posts on how to find deals online and offline:  https://www.biggerpockets.com/blogs/8814/72016-55-resources-to-find-real-estate-deals-onlinehttps://www.biggerpockets.com/blogs/8814/71506-27-ways-to-find-off-market-and-wholesale-real-estate-deals-offlineHappy deal hunting and reach out if I can help with anything!

However, I'm getting concerned with the state of the economy.

I'm really trying to BRRR method work for me.