Buy off market at a discount and a property with “good bones”. 

Our insurance covered new floors for the entire house as well replacing subfloor in bathroom and two adjoining rooms.

I agree with Nathan Gesner but I give a discount.

But may get a 5-10% discount (from what you would pay retail) or more on a loyal sub they work with.

Is it unlikely to buy at a deep enough discount to make BRRR and PM work?

Hey Scott,You want at least a 15% discount from Retail price, probably more.

Properties Needing Repairs: Offer to buy homes that need repairs in exchange for discounted prices or terms that reflect the repair costs.

For more info, check out the law itself AB968: https://legiscan.com/CA/text/AB968/id/2764362 https://www.car.org/riskmanagement/qa/New-Laws/2024-New-LawsAll of the "owner-builder" folks that would get permits for work and then hire unlicensed, uninsured, discount companies to do the work for as cheap as possible will pivot. 

So, you won't be buying at a discounted price like someone paying cash to buy a severely distressed property off market. 4.

You can't do the kitchen and leave two old bathrooms.