to BRRRR something, you need a goldilocks property - something distressed enough that it can be bought substantially below market, but not so distressed that it can't be repaired. 

. $6000 repair. 

I find that cash flow is very important so that I don’t have to come “out of pocket” to pay for major improvements / repairs  

The second property will need 25k in repairs, and rent for 1350-1450 monthly.1.

The combination of high costs and the after-repair value (ARV) frequently leads me to conclude that buying a new rental property is a better use of capital.

And you need to keep detailed records of all repairs and improvements.

This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.

Another option is to put 2-3 inches of spray foam insulation then batt under that, it will assist with stopping some of the air transfer and seal it off as well.I would also check the windows in those rooms and whcih way do they face.

We are splitting up capital contributions at 50%, but see having different involvements in the repair process.

If you need any assistance on areas to focus on in these two markets I'd be happy to help!