BRRRR: For renovation, how much is too much?

[Don Petrash]

Hello BP!

I am investing in the DFW area, and still searching for the right property to BRRRR.

One older SFH could also be a duplex, but the square footage would need to be increased to make a reasonable deal. This would probably include foundation and/or architect work for a top-to-bottom rehab, ballpark $110-$150k.

To make a good deal, I’m assuming you look for good “bones,” where the remodel can be limited to kitchen, drywall, paint, floors, etc. Has anyone had luck with more significant jobs?