Interested in the BRRRR method.

I'm looking at a property with two buildings.The first house is very well kept and reflects its fair market value - no substantial room for improvement there. The second, however, is a very spacious two-floor standalo...

The simplest starting method for a person with little starting capital, from my perspective here in San Diego, is to utilize a 3.5% down FHA loan (and/or VA, if you have it), seek out properties that are slightly under market rent, give termination of tenancy to the unit with the biggest delta of rent vs. leading rent in the neighborhood, move into that unit while you renovate it, and then rent the unit at leading market rent a year or so when you move out.

Then I'll transition to the BRRR method, though I'm not sure if my focus will be single family or multi-family.

If I use the method for depreciation found in that article you linked (also pasted below), my deduction for that will be larger than the principle payments for the first 21 years of the mortgage! 

We need advice for the last RR in BRRRR. 

I’m super excited to get started and for reference, I’m debating between using the BRRR method or fix and flip strategy to start my real estate investing.   

Property has a lot of upside in terms of appreciation and with it needing mostly cosmetic work, we are able to BRRRR and pull out a decent amount of our initial investment (which came from private money, HELOC and personal).

I'd tread carefully with anyone pushing this method.

My investment idea/plan is to buy a single family residence (BRRRR method) to either flipp, rent or airbnb, but i would love to hear from ppl who have lived in a townhouse and have done this.