The complex cash flows $2,500 per month which is fantastic however I have just learned about the BRRR strategy and need advice.I purchased the property for $200k and had to put $50k down.

It seems unlikely to me that paying retail for a rental property will produce great cash flow.

Now, I understand that markets ebb and flow and that is life, but a thought came to me: why sit in a traffic jam when I can take a new lane to the same destination?

I have an agent and we are looking for the right opportunity that meets our expected numbers from ROI, Cash Flows, Cap Rate, 2% rule, etc.

We have used a combination of niches: fix and flip, fix while occupying, quick turn wholesale deals, sold on lease option, carried back second mortgages for cash flow, bought with owner financing, bought from MLS, used direct mail, door knocked pre-foreclosures, went to courthouse steps to see if the auctions were for us.Now we are working to...um...

Now I have a good business that generates extra cash flow to buy homes again. 

There are some non-legal considerations as well depending on what kind of public image you want to put out.

Assumptions:Money Saved - $40,000/year + proceeds from new propertiesCost of homes - $100,000% down - 25%Cash flow per month - $400/home

If your retirement utterly depends on having adequate cash flow from your properties, any downturns will cripple you.

After setting aside $100 for vacancy and $100 for repairs, my monthly cash out would be $802, not counting the down payment.On paper, it looks like a pretty good deal, with an approximate $400 per month positive cash flow.