I want to narrow in on using the BRRRR strategy, but turnkey rentals are also intriguing.

If that is your intention the slow flip method is not for you.

@Ramada Evans yes that is all on you....you can go directly on airbnb/vrbo and do a search by the enemy method for houses that are similar to yours in size and bedroom/bathroom. 

Also, what strategy are you implementing (flip, BRRRR, etc)?

I think it's a great strategy to replace the BRRRR strategy for entry level investors who need number of cash flowing property to replace their 9 to 5s. 3.

Pete, including Madeira Beach and Sunset Beach that our investors are buying to use the STR BRRRR strategy.

To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.

MLS is priced aggressively and nets no profit (flip) or cash-flow (BRRRR) unless you low ball. 

The payment method in the original post of this thread sounds like a half scam!

some gurus teach this method.. thats all this is.. seller is going to have to pay inputed interest to the IRS though.. to me it would depend on down payment..