@Seth RoseI would look at the approach from a revenue mindset, not a discount mindset (which is where the BRRR concept was born).Firstly, I would like to point out that properties with great cash flow potential and deep equity positions aren't just floating around the MLS.

. :) Jokes aside, I think that Bitcoin and Crypto is a great concept and totally admire the spirit behind them.

I understand the concept of it, but I have received plenty of decent off market deals from legitimate wholesalers.

We removed a few walls and made it an open concept home.

It’s a popular way for new investors to dip their toes into real estate because it allows you to generate rental income while reducing or even eliminating your monthly mortgage payment.While house hacking can be done with single-family homes (by renting out rooms), multifamily properties, such as duplexes, triplexes, and fourplexes, take the concept to the next level.

Do you think my thought is rational or am I too pestimistic about housing market? 

Wall removal is better for sale usually for open concept, and sometimes for rentals, but if you want more occupancy (potential rent by room) removing walls restricts that.

@James Kerson check out companies already doing (or those that have tried) something similar/same in concept to what you're describing.

Efficient Renovations: Focused on high-impact upgrades like modernizing the kitchen and bathrooms, improving curb appeal, and installing energy-efficient features, which are highly desirable in this competitive market.Optimizing Layout: Evaluated the property's layout to ensure it met modern buyer preferences, such as creating open-concept spaces.

A lot of this type thinking is a result of the individual having no understanding, or conception of interest, principal or “the time value of money”.