Older buildings are more expensive to rehab, some of the structure does not meet today's codes, therefore required all new mechanicals having to dig up streets to install outside plant first.

Learn how the city is growing and plant yourself in the middle of it. 

Told him to leave ill do it myself.)Bad sill plate on rear corner (contractor)Replace front porch postsBuild backporch stepsDemo barnInstalling concrete footers under home, laying block and shimming to your jacked levelSetting house back down on blocks and reattaching to foundationRemove floor and portions of subfloor in kitchen & back porch and replacement Window repairTemporary power pole (electrician)Electrical service upgrade, outlet replacement and GFCI Install (mix of Electrician and us)Label panels (electrician)All exposed wiring must be protected (basically just replaced all of it)Replace missing light fixtures (new fans throughout)Build wall in living room to convert to 3rdbedroomRe plumb house and pressure test plumbing (plumber)Install smoke detectors hardwired to meet code (electrician)Water Heater electrical line, and core discharge for water heater under house (plumber)Tear out Old ac unit under houseWindow screensWindow locksBackflow prevention valve (plumber)Fart fan ventilation for bathroomApproved Address Number DisplayedFlaking paint abatement interiorClothes Dryer exhaustPaint Untreated woodRemove all debris, Remove old tiresRemove chain link fenceTreat house for black antsPoly floorsMud and paint wallsAppliancesDoors/locks.Roof patch, remove 12x24 section, cut out rot, sister in new beams, put new plywood & shinglesPiles and piles of new electrical wiring (electrician/us)Sand all walls and spray texture ceiling and walls with joint compoundPaint whole house inside and outNew trim everywhere.Sand the every living hell out of the floors (100 hours of labor + help)Gutters and french drainNew mailboxA/c Unit.

This could be a great plant of filled with issues.

Maybe plant bushes to not have to weed eat? 

We planted a seed with the listing agent (since the property had been on the market a while), I came back around and watered that seed and BOOM that flower came up through the dirt and we plucked it!

85 lots x $370 lot rent x 12 x .6 = EBITDA $226,440.At an 8.5% cap rate value = $2,664,000.This is one of those deals you can make $100,000 per year cash flow with -- all you have to do is boost the current lot rent to market and you would have 85 x $100 x 12 = $102,000 cash flow (but you cannot boost them all at one time, more like $33 per month per year for three years.The big concern on this deal is the "private sewer" operation -- is that septic, packaging plant or lagoon? 

They told me they would help mow others lawns and plant shrubs and flowers to liven up the block before they planned on selling it.

If you purchase a BRRRR, can you also execute on purchasing(financing) other properties in the mean time if you have the capital to start planting seeds? 

We have the Facebook data center, 4,000 jobs from the FBI on the Redstone arsenal, Toyota/Mazda manufacturing plant, blue origin (rocket engine) manufacturing plant, along with Navistar with a 125 million dollar expansion to their facility!