More clarification on BRRRR method

[Shepard Solomon]

Hi

I need more clarification on the BRRRR method when you use hard money initially to buy the property then refinance. It seems like you will be paying a lot per month when your paying towards your initial hard money loan with a year term. Is the gameplan to refinance is soon as you can? I know in the video Bryan says wait a year then refinance. I just wanted to make sure what's the plan it you don't have a tenant and you can't afford your hard money loan monthly payment. You need basically a ton of savings to cover you? Thanks