According to the inspection, a replacement job must be completed on the roof, windows, doors, siding, soffits, back deck, and front porch, to name a few (which one should I even start with?).

Its a 3 unit row-house built 1900, pretty good condition, newer roof and water heaters, not sure of other stuff.

We believe the property could have been appraised for ~$115k (new medal roof, new HVAC, floors, fixtures, new sheet rock throughout).

Multi family is through the roof, as I'm sure it is in your area as well.

I re-financed my property today that I used my business lines on credit on, which finished the BRRRR method for this property.Rough DetailsPurchase Price: $30,000Rehab: $20,000Fees paid transferring money through cash app: $338.85Holding Costs/Utilities: $675.00Closing Costs:$1000.00Total Money Invested: $52,013.85Appraisal: $80,00065% Loan: $52,000Money Left in Property: $13.85ROI: We could do the math on $13.85 but lets pretty much call it infinite at this point.The coolest thing in my opinion about this method is that I'm left with a home that has a brand new roof, AC, and an entirely renovated interior.

The building has been extensively renovated by the prior owners in 2022 including new heat/ac, appliances, flooring, kitchens/bathrooms, roof.

We hired a plumber (that we have used for years) to fix a tub spout leak and toilet repair.

So if the pipes are not leaking , they are fine .  

If you are working on roofs in bad weather you might long for a way out and becoming solid financially is the way to do it.

Everything passed except for the "secondary roof" which consists of a membrane roof over an unheated, patio "room" separated from the man house by glass sliders.