With low financials for a first deal; your pitch, passion, and niche will be more important than trying to meet straight numbers.

I just ran a property that I would love to buy if I can find the private money or possibly the hard money at the right rate and ran it through the BRRRR calc.All looks great except when I look at the financial projections section I see the following...50% Rule Cash Flow Estimates Pre-Refinance Total Monthly Income: $2,850 x50% for Expenses: $1,425 Monthly Payment/Interest Payment: $600 Total Monthly Cashflow using 50% Rule: $72 50% Rule Cash Flow Estimates Post-Refinance Total Monthly Income: $2,850x50% for Expenses: $1,425 Monthly Payment/Interest Payment: $556 Total Monthly Cashflow using 50% Rule: $869Am I missing something or should the total monthly cashflow Post refi be that high?  

So i am Using the GI bill to pay for college, but I also got approved for $6,300 this year in financial aid (Pell Grant/Federal Supplement Grant).

When it's time for kids to go to college, you may have an asset possibly owned free and clear, or you may have 18 years of equity built that you can cash-out refi (tax-free) and keep the cycle going.

Learned a lot about foreclosures and legal entities to protect assets.

hi WenhaoI have several investor that lend against assets.

In this case, the lender likely figured they would cure the lien if they had to in the event of default by the owner, to protect their ability to foreclose and sell the asset to recoup their loan amount and fees. 

It kind of does to me, considering my current financial situation.

David spoke about cycles and how buying selling high and how he has liquidated his assets several times but what about capital gains tax?

If you don't have a lot to loose, in way of $$$ and assets, than just keep it simple and form a LLC in your state where your doing operations.