BRRRR stands for “buy, reheab, rent, refinance, repeat”. Buying right or wrong sets the tone for project success or failure. Ensuring that the the total spend (acquisition and renovation) is less than or equal to 70% of the After Renovated Value is crucial. Almost as important is the ability to accurately estimate renovation costs. And if you can do some of the work yourself, you have a great leg up. Be sure to use a lender that offers both “private/hard” money loans, and permanent loans such as DSCR or Conventional. Often times you will receive discounts on costs. Keep in mind each loan has costs and so it’s vital to be aware of the loan costs.