This strategy only requires 5% down, so I save my cash for reserves and other investments and it gets me the lowest available interest rate.

If you have $25,000 saved up, I would keep at least $5,000 of it as a reserve to handle unexpected expenses.

The reserve reports are coming out now that specify the amounts due.

Add up all days the property was occupied during the year and divide it by the number of reservations - and this is your average. 

Yes Lisa you can refinance out depending on what your situation is:- Full Doc conventional loans will require Income, assets/value of the property, and credit to qualify to refinance out- DSCR loans only require market rental income and credit + enough assets for monthly payment reserves 3-6 months (no personal income or other liabilities are factored in, just the property in question)- Refinancing into another private loan - this is only a bandaid temporarily to provide aide but will not be a permanent solution since most private loans term up or are due in 6-12 months after funding @Matthew Kwan@Carlos Valencia

Build a team of professionals, network with investors, and mitigate risk by screening tenants, having proper insurance, and having reserves.

At it's essence all BRRRRR (I add the 5th R for "Reserves") is, is purchasing a rental property using financing.

Maybe for your reserves.

However, I have some reservations about buying a house before seeing how things shake out after Feb 2nd for a few reasons: - Towns seem very unclear about how they will adopt this new law.

What matters is that you're about to buy a property that will help you offset your mortgage in a big way, shoring up your reserves that you can then use to buy another in a few years.