Ideally, I wanted to buy a property without a loan and do the BRRRR method, do to not many decently priced properties in the area that have some potential to remodel or add an addition to for adding more value to the property then cash refinancing after renting to move on to the next one.

Repair in damage likely did not increase the value of the home, this generally only happens through upgrades like adding finished square footage or major remodels of kitchens/bathrooms etc.

@Noah Bacon thank you a bunch for the mention.Hey @Dan Miklosz - Way to small of a world...great to meet you again at FAST remodeler live - that was a great conference.What are area/city specifically are you looking to build in outside of Chicago? 

I have a good roommate that pays on time and just does his own thing.. however a few weeks after he moved in (mid-Feb) I heard his toilet (main toilet) running and found he had hooked it a few links higher so the flap wouldn't seal.

I need to replace the 2 old toilets.

In my hometownHome had been renovated/remodeled How did you find this deal and how did you negotiate it?

I also have a contracting/remodeling background (mostly custom kitchens & baths) in CT, and am finally delving into the REI space too. 

Investment Info:

Single-family residence fix & flip investment in Wichita Falls.

Purchase price: $65,000

Cash invested: $65,000

Sale price: $225,000

Property was in a desirable location and h...

Had similar situation with a tenant, not as bad but close, and they flooded their entire unit when their child decide to throw 30 wet wipes down the toilet.

I'm curious about whether you've tried to model the effects of remodeling alone.