This would cash me out of the property or leave very little in it.5) Repeat...This is effectively an alteration of the BRRRR strategy that involves newer homes, no repairs (plus repair warranties), and refinancing with the same conventional loan. 

Because you bought the property in cash if you are using the BRRRR model, after the rehab, rent, and the seasoning period is over, you will want to Refinance with a conventional loan or similar loan using Loan to Value (LTV).

It is NOT a set-it-and-forget-it busienss model.

May be opportunity to learn and use this experience to expand into as future real estate investment model.

We tend to see the construction, the activity, etc.I just bought a particular model car for my kid.

I am grounded that in all cases, investors, lenders, and land sellers will hold the person speaking in a different regard if they are accurate in their assessments of financial performance of multi-family real estate projects.Generally, in the multi-family development and institutional level value-add markets, we use the following ratios:NOI/CostInternal Rate of ReturnEquity MultipleCash on Cash Equity Returns (ONLY on stabilized operations cash flow)In this Part 1 of a 2-part article, we'll delineate how to model an apartment project cashflows.

Many financial models employed by the hard money lender are based on the assumption of default by you.

It only means that the contract needs to be altered to allow the assignment, or a different contract needs to be used.https://www2.floridarealtors.org/news-media/news-articles/2019/06/what-should-realtors-know-about-assignable-contractsWhat Should Realtors Know about Assignable Contracts?

The model portfolios would instead be highly concentrated in real estate, mainly consisting of public’s REIT’s and real estate etfs.

Those both need to be there prior to purchasing anything or you could end up in some tax messes.Have you heard of the BRRRR+turnkey model?