If I'm understanding this method correctly you basically have to keep investing otherwise you're going to be stuck with a loan at 75% of the house for 30 years?

Negotiated price basically by showing the seller the ARV and why we could not purchase it at the price he wanted.

To be more specific, I'm in the Beaverton area, basically on the west side of PortlandAnyways, any help, or names of companies to followup with, or anything like that would be super appreciated.I know BP is known to have very active and helpful members so any advice on this topic would be much appreciated.

If they meet your basic requirements but you failed to rent to them because you were holding out for someone better, it will look like you were holding out for someone whiter, or without kids, or not Jewish, or whatever.If you have two applications processed at the same time, it's justifiable to choose the "best" applicant but you need to ensure you can prove your decision objectively.The best, most professional policy is to have qualification standards and accept the first applicant that meets those standards.

I am wondering if some of the basic principals of BRRRR can be applied to acquiring small businesses.

If the question is too basic I apologize in advance.

And when you're in the SF Bay Area and the "moderate income" income limit is $200k/yr for some of those other programs, that never really comes up because if you make $200k/yr and don't have 3.5% down, then we have bigger issues and need to do some basic Personal Finance 101 (hint: sell the f-ing Tesla).

Yup basically. 

Basically, to summarize my concern, I just worry that history may repeat itself - to cite a local California example - prices ran up a lot in the run-up to the Great Recession in core markets, and pretty soon everybody was buying hot properties in Stockton and outside of Sacramento.

So you've basically just bought yourselves another year of cash flow AND you have a buyer!