What do you categorize as BRRR potential?

[Martin Lindsay]

I know a lot of what most investors see as a potential BRRR is determined by ARV and how big the rehab will be, but what I'm wondering is where do you draw the line for what might be a BRRR vs. what could be just a buy and hold rental?

A typical example would be finding a property that isn’t exactly distressed enough to need a large rehab, but instead is outdated, in need of a good cleanup maybe simple landscaping, and just general TLC?

My question is what do you all identify as red flags and green lights to help point you in either direction? Thanks!