So your net earnings ( increase in wealth) is $650.  

Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

Repairs ($5k): Increase to $10k for unexpected issues in a 4,000+ sq. ft. property.Total reno costs will likely fall between $180k-$210k, not $145k.

The state laws (do not quote me) appear to not let these companies increase rates (or its not easy) to pick up the losses.

Typically if demand increases and supply is maintained prices go up. 

Now that you know this little secret (that most don’t), you can make informed decisions when it comes to increasing rents for new leases and renewals.

Two main reasons being: (1) debt does not increase your basis in an S Corp, which means your losses get limited.

Homes with that price range will attract bad renters.

In addition we do not accept any applications for longer move in than the remainder of the current month and the next month (so if tenant is unable to move in by march 1, they cannot apply until feb 1 as we are unwilling to go longer than that without rent and will hold another open house).S8 needs to streamline their process if they want to increase their housing options.Best wishes

This being my first go at this, I'm curious about that building the exit value/attractiveness?