We want to use the BRRR method to hopefully purchase several properties in the next few years.

There are different methods for doing this, but the number is super important. 

You want to keep this method as simple as possible.

I am getting 3.8% on 75% LTV for investment properties...so that is a fantastic rate.

I have excellent credit, almost 800 and a great income from employment with fantastic debt to income ratio.

If your trying to scale this is one method.

Bear in mind that foreclosure auctions are among the riskiest of acquisition strategies, and should probably not be on your list of methods until you are more experienced. 

Using this method you should be able to continuously invest that same 300k into rentals over and over, building your portfolio and providing tons of affordable housing.

Austin and Dallas are also fantastic markets right now.

So I want to break down the deal below, and get a few of your suggestions on what our next move should be AFTER the rehab.Found the deal at an auctionIt is a single family home, 2935 sq ft, 4 bd, 3 bth in and absolutely FANTASTIC neighborhoodPaid $150,000 for the housePaid about $6500 to closeAppraisal came back at $187,500 and it hasn't been updated since the 90s as far as inside appearanceNo major flaws, mostly cleanup, cosmetics and updatingFactored in $30,000 for the repair costs (roof, flooring, paint, kitchen/bathroom updates)We put $30,000 down for down payment$120,000 will be financed at 4.5% PITI is $1030 (after remodel PITI will go down as we are switching to a landlord policy)After remodel will rent between $1500-$1700, maybe more but doing a little digging on corporate rentalsWorst case will cashflow right around $300 per month ARV will be in the range of $250,000 on the low end.