I am confident that I will be a REI by Presidential Election (my personal goal), but I want to make sure that I have a calculated method that sets forth a strong foundation. 

I think what you have said is a brilliant deduction and a way to improve results.Here is what I am struggling with.So lets say you have to be in CA and you are in NY, and you desperately need to get there in 2 days.

I'm intending to start applying this investment method as well for my second property, however I haven't done any renovations or fixers before.

These buildings are traditionally valued by banks appraisals using the sales comparison method.

Where I live in western Washington, it’s damn near impossible to find a house you could rent for close to the one percent rule. They are out there but most of them are going to be bought through an auction. Auctions ...

We were just attempting to cash-out refi it at $120k loan value and the appraisal came in at $95k, making it useless to cash-out refi via this method.

Is anyone from the Sac-Stockton-Modesto area doing the BRRRR method?

Especially after the tenant has been there a while we do not get any complaints.I think my method or Justin's method is superior to reading the submeters monthly. 

(DMM could work... but it is the least effective form of marketing from all the other methods, in my honest opinion)

Using my assumptions in the spreadsheet, here is the outcome after the 2nd BRRRR house compared to a traditional method of just paying the 25% down and rehab costs out of pocket for the two homes.Assumptions: Both houses bought at $100k with 25% down, $20k put into each house for rehab, refinanced at 75% of $160k ARV for each house.BRRRR Method End Result: You invested $45k of your own money and bought 2 $100k houses, spent $40k on rehabbing both houses, you're in $195k debt and own 2 houses with an ARV of $320k.Traditional Method End Result: You invested $90k of your own money and bought 2 $100k houses, spent $40k on rehabbing both houses, you're in $150k debt and own 2 houses with an ARV of $320k.Is the whole point of BRRRR to buy 2 houses with less total personal cash invested and more leveraged?