And do not view getting a profitable (or even a break-even) repetition under your belt as a failure.Assuming your appraisal numbers are solid then you should safely net $320k from the sale, not factoring the payback of the bridge loan. 

I have not bought a single property (other than a few primary residences) and it seems like it would be a good idea to have at least a couple of deals under my belt before getting into something like that.

Most investors would be looking for someone with some experience under their belt.

I would probably put a strong blower fan down there for a few days or a week just to dry things out at first but see no reason why you would need a fan down there permanently.I'm in a cold climate so my vents have to be closed in the winter or pipes can freeze.

Once you get a few under your belt, you will be able to buy larger or more units every year. 10k a year cashflow by 35 can be 20k by age 40.

This may reset the clock if you have a break in traveling (The clock being one continuous year of full-year of traveling) meaning lenders may turn you away until you have a few year under your belt.

The Rust Belt is still struggling as are some cities in the Midwest and Southeast, so be careful about them.

Absolutely nothing wrong with the BRRRR strategy, but if you think you're going to find your Core Four in a snap and your first move as an investor is going to be to pull off a long string of successful long-distance BRRRRs on 100-year-old single-family residences in the Rust Belt with zero personal rehab experience, you're living on Fantasy Island.A sadly disproportionate number of people I meet who are excited about BRRRR love the overall concept but lack the imagination and especially the experience to understand what can go wrong with the details.An additional thing that annoys me about the BRRRR chasers is that they always HAVE NO MONEY.

That being said, why don't you get a house under your belt first and see if this is something you want to  do.  

Derogatory public record: She had a ticket for a passenger not wearing a seat belt.