They can provide a more accurate assessment and potential repair costs.When dealing with homes from the early 1900s, it's prudent to overestimate your renovation budget to account for unexpected issues.

This can reduce labor costs, but be mindful of the time commitment.Leverage Economies of Scale: If you're working on multiple flips or rehabs, bundling similar tasks or projects together can help reduce costs by hiring one contractor or vendor for multiple jobs.Prioritize High-Impact Repairs: Focus on renovations that add the most value, such as kitchen or bathroom upgrades, while avoiding over-improving areas that won't significantly increase the property's resale value.By combining these strategies, you can manage rising costs while maximizing your potential returns on fix-and-flip projects.Kind regards,

This could signal rising property values or gentrification, making it a prime area for investment.Find Distressed Properties:Permits for repairs or code violations can signal properties needing significant work.

Have to factor in vacancy, PM fees, maintenance, repairs, turnover, cap ex, etc.

I also see issues with airbnb fining you 50% of stay if needs to cancel due to repairs not being done fast enough.

•Make sure any outstanding repairs or maintenance issues are addressed as part of the transition.5.

When they finally sent the measurements, they also listed other repairs.

When it comes to renting to Section 8 (S8) tenants, there are definitely pros and cons to consider:Pros of S8 Tenants:Guaranteed Rent: The government will pay a portion (sometimes all) of the rent, so you'll have consistent cash flow.High Demand: There's often a waiting list for S8 housing, meaning less vacancy time.Cons:Property Inspections: Your property will need to pass regular inspections, and repairs/maintenance must meet specific standards.Tenant Screening: Just like with non-S8 tenants, tenant quality can vary, so thorough screening is still essential.As for the down payment, yes, most lenders will require 15-25% down for investment properties.

If you plan on purchasing the following year, show your tax returns to your lender before filling.Your statement brought up another great point- properly documenting improvements separate from repairs and maintenance. 

Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.