This method will likely give you higher cashflow than a traditional rental.

The following write-up is a detailed analysis on the numbers, from purchase and closing costs, to rehab, to rent and cash flow, to the refinance, and finally to the sale of the property.The process of buying, rehabbing, renting, refinancing, and then repeating the process by using the refinance proceeds to purchase another property, was used here (BRRRR method).I thought it would be interesting to do a post-mortem analysis on this investment, and see how things worked out.Post Rehab Picture of the Kitchen.PurchaseOn 1/31/2020, I purchased this single family home for $77,000.The loan terms were a 30 year loan, 5% interest rate (higher rate since it was before rates began to fall, as well as from being on an investment property with a lower loan amount), and 20% down.Cash to close was $15,400 for the down payment ($77K * 20%), $3,750 in closing costs, and $350 for the inspection, for a total of $19,500.To fund the down payment, closing costs, and inspection, I used a HELOC (home equity line of credit).

I am looking to acquire my first property using the house hacking method. 

I was planning on doing  a binder method to the tenant and getting a raise in rent locked in.

I get that Redfin does not use the traditional methods.

LVT flooring throughout, a modern kitchen with backsplash and quartz counters, double pane vinyl windows, custom baths with tile, lots of natural light, sliding doors off master to rooftop deck ready to be personalized, and a spacious backyard.

Granted, that's the nature of my occupation as a handyman, but still, it would take a LOT to get me away from her if I were still teaching, for instance.So if on top of that he's burning his income on a nice place for hisself instead of something small and tight and cheap so more money goes home to his wife and/or children, that would be a red flag for me.

Law or nature - either your are growing or you are dying.

Would like to be close by walking paths/nature if possible.

I would like to use the BRRR method but keep hearing that the market is overvalued.Thanks!