If you sell the property, a lot of the $107K cost will be eaten up in transaction cost.

Whats more, there was damaged equipment that costs about 3k.

Ensure you have a solid understanding of the renovation costs and timeline.- **BRRRR (Buy, Rehab, Rent, Refinance, Repeat):** This strategy can be lucrative, but it requires careful planning and execution.

Second, we current Americans would learn to say “Eh?”

We are seeing people move from higher cost of living areas like Raleigh, Durham, chapel hill, and even Greensboro.   

Renovation cost is roughly $30K.I guess what throws me off is that you say Cash invested: $60 

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

So a room used for laundry that is 100 sq ft (quite common) costs the owner about $72,000 over the course of a decade (in today's dollars). 

If the original tenant wants to claim their belongings, they must pay any unpaid rent, plus the cost of moving and storage, then I will give them access to pick up their belongings.

With $50k, you likely have enough to get started, especially if you target lower-cost markets or use a strategy like house hacking.