GROUP HOME BRRRR - Found a house

[Christina J Allen]

HELLO EVERYONE! 

I have been given the vision of providing housing for the needy. I have been identifying houses that could work with the BRRRR method (or close to it) and I plan on getting 10X traditional rental prices by creating cooperative living environments where I charge by the bed.

I am new to this journey and I have identified a house close to me. I am thinking about putting in offer and I am looking for guidance as I go. I have been blessed with tenured help in the real estate world and I am posting in this forum hoping to have accountability as I face my fears of the unknown. I am currently here:

House purchase price : $125K max (preferably lower) 

Renovation costs : $125K (overestimation) 

ARV: roughly $300K minimum

Refinance: ---- pending analysis---

If you have time, please click the link to see the house and give any insight or things to consider. As always, I appreciate any assistance and guidance in advanced. 

https://redf.in/MEeRV0