Recent BRRR was a 2015 built single-family home with just flooring, paint, and other cosmetic rehabs so it was very.Now, we have been trying to do a BRRR in duplex to get into the MF investment, but somehow not able to land on one.

I updated the bathrooms, floors, kitchen, Mechanicals, sewer lateral, Paint, doors.

You don't depreciate paint and paneling could be in that vein.For example we did a bunch of work on our house after buying it and we expensed it all.

However, this book talks about getting a margin of $20,000 to $30,000 off a property off rip and from what my understanding is, the current housing market wont allow for that I will lose that deal most times.

It's different than a bad paint job....when a roof leaks, it it always bad.

I put in some new flooring and paint, minor electrical, and a couple of ceiling fans (approx 20k in repairs, appliances, travel, and holding)I put in a new refrigerator, washer and dryer, and leased it myself to a family a few months later (6 months lease) through an insurance company because of their home being a total loss.

I  know two others that did and went to prison.. bad actors got into title then just ripped rents never paid ruined the sellers.. you will see this for sure as the bad actors learn all this on U tube.. it happens and it will accelerate now..We do have to remember the banks right under the note is in the section for Events of Default and Alienation of title is one.. so any transfer to new buyer or trust or anything like that is a violation and it gives the lender the right to accelerate the note but its NOT obligated to do so.

Those programs are a huge rip off.

Also, should I paint the inside as well?

@Carolyn Guertin investing in Detroit should be done on a block-by-block basis.That's actually difficult to do, so we ranked 104 of Detroit's Neighborhoods on our site as Class A, B, C or D to help investors make better decisions and NOT get ripped off.NEVER try to invest in Detroit using zip codes!