This demographic is projected to keep increasing over time, so I would do whatever you can to hold onto this property (ie cash flow well).Furnishing 700 sqft with PB or West Elm (you and my wife would get along great, Bonnie) won't be price-prohibitive and well worth the cost.

@Carl Rowles get someone over there to document the damages with a ton of pics AND a narrated video - you may need this for any insurance claim.Regarding your insurance, many of the residential insurers: Allstate, Farmers, State Farm, etc., have a clause that makes your policy invalid if the property is vacant for more than 30 days.- Check with your insurance agent ASAP.You'll need to file a claim and get a claim number.Try to get an insurance adjustor in ASAP, so you can start pumping water out, removing all water damaged drywall and get dehumidifiers in. - Note: the insurance company's adjustor will try to minimize your claim amount.

These properties tend to hold value better and offer stronger appreciation compared to duplexes or small multifamily units.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello All, Please help me analyze this BRRRR deal and figuring out what's missing here.What are the holding costs based on?

It is most important that you have a clear understanding of the type property and the strategy you want to use (FLIP, LONG TERM BUY AND HOLD, STR, MTR).  

I was not looking to convince anyone into other avenues of investing or to piss on real estate as I do hold a few properties that have appreciated, cash flow and I have benefited with real estate.

Any tips on managing joint ownership or deciding to hold or sell would be greatly appreciated. 

Also do a video when its done.

Investment Info:Single-family residence buy & hold investment.

We have done out of state investing and we hold 3 SFH and one Town home in Atlanta, GA and looking to expand our portfolio.We attend a monthly meetup every 2nd thursday in the month.