This method does not require bank financing and all of their expenses.

@Yakir Aloni the entire concept of the BRRRR Method is so that you don't have a downpayment.  

While it may feel out of reach, owning multiple properties is achievable by using strategic planning and specific investment methods.

This auction method creates excitement, urgency, and a fair playing field.

Ultimately would you're likley wanting to learn about is the BRRRR method (Buy Rehab Rent Refinance Repeat).

A few approaches I’ve seen work well:Profit First method: Very similar to what you outlined — money automatically gets allocated into OPEX, Tax, CapEx, Reserves, and Profit.

Ken says he’s worked the particular strategy/method he uses a number of times without losing a case in court.  

The BRRR method only makes sense when interest rates are low.

Use Eminem's method in 8-Mile...

But you can often use the county’s land vs. improvement split as a reasonable method for allocating that purchase price between land (non-depreciable) and building (depreciable).So for example, if the county shows the value breakdown as $100K land and $250K improvements (on a total value of $350K), you can apply that same ratio to your actual purchase price.