Cap-ex was needed for:* Original 1960s kitchen, appliances out of order* Original 1960s Pepto Bismol colored tiles in the bathroom* Tobacco and marijuana stains/odor in every room* Stained carpet covering damaged hardwood* Broken side door from forced entry by police* Zero recessed lighting with 3 layers of blinds on every window* Lots of trash in the basement both on the floor and mounted to the joists overheadCheck out the Zillow listing at: https://www.zillow.com/homes/119-Jasper-Pl-Alexandria,-VA-22...What made you interested in investing in this type of deal?

I always ask for one deal that didn't perform as they expected and the results of that.

The REFINANCE part of the BRRRR strategy is broken with changes that Fannie/Freddie made to their cash out refi policies end of last year.

I've bought houses during 9 presidential terms and expect to buy and sell property next year no matter who is the president. 

If the numbers don't meet your expectations, walk.

I have an idea of what to expect when managing a dorm, but I am wondering if anyone has any experience with it?

More importantly, at the moment, we do not have a network of contractors/PMs who can help us evaluate properties in any Class to tell us what we can expect once we purchase them.

Or I would be expecting the BACs to be all over the map. 

What kind of returns do they expect to take from a 50k initial investment?

We currently have a contract assignment with the title company, and it's set to close soon. expecting the ROI soon, keep it up!