BRRRR with tenant occupied property
Looking to implement the BRRRR strategy on my next investment. I am wondering can you do BRRRR with this kind of property that is currently occupied by tenants? Do you evict the current tenants and do the rehab and rent again with a higher rent amount? What if the current rent is already inline with the market rate? The point of doing BRRRR is to bring up the home value, so you can refi to get the money out again and reinvest to another property. Does that mean you will always kick out the current tenant to rehab the property?