Real Estate and investing is a great place to make a good living.Be cautious of cycles when you are flipping.  

I am in my research phase of my REI investment and I know I must understand the deal and cash flow analysis.But I have the questions regarding what is the life cycle should I think about?

I feel like this might be a little backwards to what I have read about the BRRRR strategy, but would it make any sense if I did stick around and rehab my place and then refinance it and stay for another year in order to lock in a lower rate for a 30 year fixed rate as an owner occupied, and then while still living in my first property simply get my next property as an investment property with 20% down (hopefully with some help from pulling some equity out from the refinance on the first property), then fix up the units in the new building while living in my old, and then move into the new property once it has been a year from the refinance on my first property, then refinance the 2nd property upon moving in as an owner occupied to lock in a lower interest rate and live there for a year while I repeat this cycle, basically in order to lock in lower interest rates as I go.Sorry so long, any thought would be greatly appreciated!! 

I use the cash-flow to re-invest in more properties and repeat the cycle.  

If your investing goal is  getting huge returns for great buys, I can certainly understand because I am looking for strong deals too but they have dried up a bit and prices have gone up high....again... hmm...( been doing this for about 25 years).... another cycle? 

Sure markets cycle and people that don't prepare for that often get hurt!

Yes Jay that is why buyers have to be schooled on the markets and asset classes as to what is possible.I find some buyers pick a number in their mind that has nothing to do with the data or cycle of the market.Some buyers tend to get upset when they cannot have what they want and are told it is not realistic.

It is a good way to go if you can find the right property and live in it to start the investment cycle. 

It raises a red flag in terms of where in the market cycle you are if the sellers think they can charge you a fee to conduct due diligence.  

I am young at 24 years old and do not have much experience in real estate and the cycles that the markets inevitably go through.Some things that I have noticed are that we see some very over-saturated markets such as Boston,  New York, San Diego, San Francisco, etc. where the prices are extremely high (compared to the average) and we see much smaller and less-saturated markets such as Nashville, Jacksonville, Charlotte, etc. where prices are low or at the average.Will there be a day when all of these other markets catch up and eventually become over-saturated?