Potential Difficulties for Investors Using the BURRR Strategy

[Hans Thurau]

I have not personally used the BURRR strategy since I am a buy and hold investor, but I've seen the strategy explained as a viable way for someone with little or no money of their own (cash-strapped) to start investing. If this newbie were to purchase a property with private money, then rehab and rent it.... what are the chances that someone who is cash-strapped would qualify for a bank refinance? Would this be a good strategy for someone who "could" qualify for hard money but then eventually not qualify for a bank refi later in the process? Should there be disclaimers to using this strategy or am I missing something?