In recent episodes, it seems that BRRRs have become harder and harder to pull off with narrow margins. 

The amount they end up paying is already high and leaves little to no margin of profit for someone who is not doing volume operations.

Most of my clients run their SFRs at a 25%-30% (excluding vacancy/credit loss) operating expense margin and most of the banks I deal with on their DSCR loans underwrite using 35%.

You need margin for the point it’s 80 or 90% built and the builder says they’re out of money. 

Some businesses naturally have needs for vehicles and some are marginal at best.

Over the past two years I've been averaging around 25 to 30% on these, a year since as interest rates Rise this causes an increase in the BDC's net interest margin or profits, so you get capital appreciation of the stock price plus 12 to 14 per cent year dividends paid out.

Likely not as the margins are not that great.

The deal does have a sizable amount of margin, which makes it attractive to begin with. 

Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.

Fences, basic landscaping, tree removal can put some nice padding into your margins as well.