The point of the BRRRR is to get long term financing that is cheap so you can rinse and repeat, aka bank financing or private money.  

What hurts Investors that use this formula is it does not account for Holding Costs, Backend Selling Costs, etc.I use the following formula to determine my Maximum Allowable Offer (MAO).

Hey BPer's,I am currently looking at some new ways to finance buy-and-hold properties and I was wondering if someone can help me with the details of how owner financing and seller carry back financing works.There are a lot of forum posts about these strategies that are very high level.

Welcome Bryan -  I'm new here as well and just had an offer finally accepted on my first buy and hold property.  

I also work with investors looking to get in or grow their portfolio in the Denver metro area, or anywhere along the Front Range.I am looking forward to learning more about investing for myself, and plan to begin investing in local buy and hold real estate in the next year.

What does it mean when a property you're interested in buying to buy and hold is 100% leased?

I'm a buy and hold investor but I've discovered a few properties that I think would make good flips and I'd be happy to meet and discuss.

There is not an easier answer it depends on what you are trying to do depends on your market that you are looking to invest in and what are you looking to do wholesale, rehab fix, buy and hold, note buy etc.

My plan is to keep property as a buy and hold. 

Are you planning to flip or buy and hold this property?