Looking to acquire my first property via the BRRRR method this year in the Philadelphia area. 

Hey Bryan,I use it for my few doors, and I definitely see it as a valuable "scaling" method. 

It is possible to get a cost segregation study on a property in the year after it is placed into service.A complex form, Form 3115, change in accounting method, needs to be completed which mentions that depreciation was incorrectly calculated in the past and that you are now calculated it correctly(from the cost seg).

When that exit is misjudged or cannot be achieved, the property issues are only compounded.Real estate performs best with patient capital, conservative leverage, and flexibility to adapt based on the market conditions.

Of course, with this method you actually end up with a physical check that must be deposited.

I used the enemy method (EM) on FF to find my number.

My plan from day one is to house hack to cut living expenses, build equity in the Triangle, and keep stacking units the right way.I’ve been running the BRRRR method and I’m comfortable with value-add deals, but stepping into a new market is a different animal.

First time investor looking for tips and guides on mastering the BRRRR method.

What methods have you used?

While no method is 100% automated, combining these steps gives you a cost-effective way to verify authenticity before signing a lease.