Too many tenants will tell you a rental is perfect, then they move in and start demanding you upgrade appliances, paint the walls, replace the flooring, add a deck, etc.

Using a 203k seems like the perfect way to combine the benefits of both househacking + BRRRR strategies.

Choose a contractor who crafts perfection, word for word. 

Reality is seldom so absolute so all of those numbers are not necessarily perfect but that's likely the gist of it.Some other things to consider: Is your scope of work appropriate for rental grade?

This confluence of factors has created a perfect storm, leading to the increased foreclosure rates witnessed in the market.Opportunities Amidst ChallengesWhile the rise in foreclosures spells trouble for many in the CRE market, it also opens doors to unique opportunities for savvy investors and developers.

The beds weren't made and everything was not perfect there yet but she told me she was fine with that and understood.

I am currently working with Rent-to-Retirement to pick-up 2-4 properties this year and grow from there with RTR and other opportunities.My only other investment income comes from my crypto mining business.

Mitch, that makes perfect sense! 

Also, these floors are 100 yrs old, in some cases, so people are not expecting perfection.  

It is perfectly legal to operate as a duplex because it is the same concept as renting out by rooms.