On the flip side, the margins aren’t quite as high as with rehab projects.

Extra 4 months of carrying costs are up most of the margin.

I will post some progress as I get into the renovation after I close and share more numbers of my cost. 

There were a lot of costs that we didn't expect like the plumbing had to be completely redone.

.- Expected renovation costs $1MM.

A little more info, I am doing a full cosmetic rehab on one of the units and a lighter one on the other but I am assuming if I am going to split the utilities I should do that prior to any rehab. 

We decided to quit buying rentals to hold, and instead, the units that we typically would rehab and hold, we are going to rehab and sell.

Rehab cost overrun is where most BRRRR investors and flippers go wrong.

Quote from @Hemed Tov: I would really get with someone in that market that can dig in see what is going on with the market (comps), and also maybe the rehab was not as good of a job of what the market is yielding at 300K property.

Deal 1: 4 Plex (it's stripped down to studs, a guy ran out of money on the rehab)Purchase price 160k, Rehab 80k, Total all in: 240kExpected Rent: $4,000/month to $4,400/month depending on how quickly we want to rent the units out.