BRRRR Strategy - Cashflow after pulling initial investment out

[Hari Narayanan]

Hello,

For BRRRR strategy, is there a good rule of thumb (either your own or a generally accepted rule such as the 1% rule) for what the cashflow should ideally look like after refinancing and pulling out your initial investment? I am talking about cashflow to you after PITI.

Is breaking even good enough?

The properties I am looking at are in Northern California.

Thanks!