It gives you accurate pricing

As I look at numbers this area seems to be close to the 1% rule- Am I accurate with this assumption.

@Antonio Garcia what is stopping you from gathering the knowledge to make a better decision or feel bette about making a decision?

I'd first recommend attending a local REIA meet-up to gather insight into what other investors are implementing in their respective markets (or you can do that here on BP).

Hi BP members, I'm new to the forum and the field as well but I've begun listening to the podcasts and am trying to gather as much knowledge as I can before jumping into the deep end of real estate investing!

We just don't have enough data to provide an accurate "average" cash-on-cash return yet.

From what I have gathered it's just not a good state to do it in but your mileage may vary.

What I would say about the BRRR Strategy as it relates to a decline in home value is there are a few things you can do to protect yourself.  1 - Make sure the data you are using to buy the property are accurate (ex. realtor CMA) and avoid over paying. 

"everyone" is a very strong word, so let me correct this and make it more accurate...

So first learn all you can about the market you are working in, learn how to establish an accurate ARV and accurate numbers for rehab, holding and selling costs.