"Double" and "Triple" HP Washing?

How does Double/Triple HP Washing work?
Double:
Level up
5 AP into MP with over 140 INT (from gear/base INT)
Reset 5 into HP out of MP (Remove INT gear)
Reset 5 into Str/Dex/Luk out of MP
Repeat?

Triple:
Level up
5 AP into MP with over 140 INT (from gear/base INT)
Reset 5 into HP out of MP (Remove INT gear)
Reset 5 into Str/Dex/Luk out of MP
Reset 5 more out of MP into HP
Reset 5 more into Str/Dex/Luk out of MP
Repeat until you hit that magic MP limit?

So in theory, if you had enough MP you could Wash 4, 5, 6 times? Not that anything past 2 would be at all practical.