. - RentReady repairs & vacancies between tenants can blow any projected ROIs.2) Warren Buffet - go where others aren't.

There is a 'comp' listed for $200,000, but it was sold as-is and needed great repair.

since purchasing the property with a 10% down portfolio loan through a local bank, I have done extensive repair work and renovations.

Even with the mortgage paid off, some of the $2000 in rent will go to maintenance, repairs and property taxes.

You can save a lot on costs if you do many repairs yourself.Look into hard money lenders or private lenders for the initial purchase and rehab.Connect with wholesalers, agents specializing in investment properties, and other BRRRR investors to find deals and learn more.

Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer). 

Turnkey properties are already renovated and tenant-ready, meaning you can focus on the investment side rather than dealing with major repairs. 

Analyze potential deals by estimating the After Repair Value (ARV), repair costs, and total expenses. 

You can get 90% of the future equity, but you do have to have a GC do all of the work for you so you cannot DIY for future repairs. 

If you can stomach the negative and any repairs for the next 5 years then long term wise it'd be worth it.