Built in 1982 and renovated in 2020, the property has recently undergone extensive capital improvements.

We aim to create a harmonious living environment by adhering to all relevant laws and fostering a community based on respect, transparency, and continuous improvement.

It creates a great first impression and you can delay the backyard until cash flow improves.2.

Let's keep this discussion going to help others improve their strategies too.Best, Drago

Remember, C/D located properties generally appraise once improved for significantly more than they will actually sell in an arms length transaction so you can go to many C/D neighborhoods, successfully complete the BRRRR method but deal with  all of the operational difficulties of the asset class and then fail to achieve a sale figure remotely close to the favorable appraisal  that allowed for the proceeds to be returned through the refinance. 

With minimal improvements, we successfully sold the home the same day for $45,000, demonstrating our ability to capitalize on fast transactions and strong market demand.

-The large Capital improvement to the property greatly increases the basis for which you are able to depreciate the property.

I self-manage and have a pretty efficient network of Excels to show this data.

REI offers steady cash flow, appreciation, and tax benefits, while business acquisitions, similar to the BRRRR method, can provide higher returns through operational improvements but carry more risk and require hands-on management.

Framing the idea as a way to preserve and improve the family property (rather than focusing on personal gain) might help avoid misunderstandings.