A great target is a property that was last renovated between 2012 and 2019, meaning it is still in decent shape but could be upgraded to 2025 standards to maximize rent and value.You can also look at properties with long-term tenants who have been paying below-market rents.

@Kevin LynchHere are some BRRRR Nuances:It is easy to underestimate your rehab budget.

I’m back with a national real estate market update, breaking it down in a way that’s easy to understand.

It’s very easy as tenants pay like clock work electronically and are very reasonable for scheduling repairs.

And since they're already living there, it would be an easy thing to negotiate extensions to the sale. 

Would you prefer an easy cosmetic flip with low returns or a full rehab with higher returns? 

My spouse negotiated with the builder on the phone and it was easy to ask for a lower price since the area was still suburban at that time.

That is very easy to do in today's world.

I see a lot of newer investors getting into the market thinking flipping houses is easy money.

I personally like the BRRRR strategy - it's not easy to pull off but it's simple and it works in theory.