They are one of the best types of real estate investment because there are no toilets,water or pets.And if they don't pay you can cut their lock off and put a new one on... in order to get their stuff out they HAVE to pay you!

You are asking them to take a pay cut.

I think you got a lot of good things going on as you are your own contractor and most likely be able to cut cost in your rehab..I believe your questions is pertaining to how it cashflows and what are some things to look for as you continue to BRRRR..

Cut neat holes that are easy to patch.

You are cutting this really close.

But higher interest rates and tough markets can cut returns.

Very informative and gives an interesting look at investors' experience in this market.But courtesy first, my husband and I are "out"-out-of-state investors, looking for deals in NE and East of Downtown.For the past 3 months, we've been researching and submitting offers on properties to match the COMPS and rejected.Our budget is about $100K, stretching it to 120K for the right property + rehab.The problem is that we had to offer low-balls for the numbers to work, and then get rejected.It seems it's a narrow fit to BRRR, hence the cashflow is "on edge" here.Doesn't appreciation suppose to be the icing on the top?

I'd suggest not noting things like "stabbed coach with a knife" and instead "7" long cut in left cushion of couch" and "4 sq ft area of carpet under den window coated in an unknown substance that stained the carpet". 

This cuts down on a 25 year old bringing a bunch of 21/22 year olds. 

Something that cuts through the noise and provides me with the essential metrics necessary to assess the quality of a potential investment quickly and efficiently.I'm open to suggestions and advice from those who have navigated similar paths.