Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.I have quite a few clients investing in Ohio that are BRRRRing. 

Quote from @April Birdsong: Update:  My floor guy came over and found original hardwoods under the carpet in the bedrooms.

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

Besides what you've mentioned, here are a few additional common expenses to consider:Landscaping (especially if there’s grass or common outdoor areas)Pest control (sometimes needed for multi-family properties)Legal/accounting fees (for lease updates, tax filing, etc.)Vacancy reserves (for covering costs during turnover)I can assist in helping you find funding, LMK! 

Add to that when you put <20% down, you're going to have PMI on top of the regular mortgage payments.

8/14 update: Steven Yoak is not a part of this initial post: he has been instrumental and amazing since I’ve started working with him.

Below is my understanding but recommend confirming all of this with an attorney.Lease Terms and Updates: In Wisconsin, you can add clauses to the lease that spell out cleanliness expectations or even include a cleaning service if needed.

Hell, someone sent me an update today on sec8 payment standards in MSA where sec8 is paying dang near $4kmnth!

Electrical as well but needs updating.

I'll update with how things go.