Renovations that truly add value-like modern kitchens, open floor plans, and energy-efficient upgrades are making the difference in selling faster and at top dollar.Financing & Interest Rates: The higher cost of borrowing has made tight budgeting more important than ever.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

How much does something like that cost over there?

The reason I say this is that no matter what your remodel if you are doing a lot of the work yourself (way to max out equity growth) then maybe look for an even larger remodel than you had thought about? 

Hey Tim, I’m using the BRRRR calculator and came across a similar challenge in trying to get accurate numbers while incorporating a private loan for the down payment and most of the rehab costs.

I have a very easy and quick answer to your question and it's a no-brainer.Don't buy rentals in California.

Note: - There was no will to give the property to my uncle.

i.e. someone that bought the property 30 yrs ago for $300k likely has no capital left in deal, so it is all profit now. 

//What is the rental market like in De Soto KS for renting property with a large home and pond//I am analyzing a deal on a property in De Soto KS. 20 + acres, newly renovated home, a pond, etc.Given the economy, De Soto KS location in relation to Kansas City, Lawrence, Lenexa, etc... does it seem likely that there are people who are willing to rent properties at a higher cost than something in the city?

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.