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Hi Everyone! I am new to the use of these BP calculators and I need help analyzing the use of the BRRRR calculator. I am trying to understand why the calculator is including the 100k rehab budget into the total cash needed at purchase. I plan to finance this with the purchase price and put 25% down for the combined amount. After rehab, I will refinance that amount. Not sure if I am using the calculator wrong or if it always makes the assumption I am paying for rehab out of pocket, which is almost never the case in a BRRRR or flip situation. 

Any input, discussion, comments, concerns or help would be very much appreciated!!

Thanks.