This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

The problem does appear to be somewhat old, but still thinking it might be worth it given this is a long term investment that would still be netting us a really solid YoY return.Definitely getting a 3rd opinion/bid now.

Perhaps the house isn’t even worth $50,000.

Is whatever they are going to do worth 120k?

I am frustrated about that but it will be worth it to obtain the grant.

The BRRRR method and house flipping are both fantastic strategies, especially if you're resourceful and willing to put in the work.If you’re working with limited capital, partnering with others or exploring creative financing options like private money lenders or seller financing might be worth considering.

Unfortunately YEARS worth of bacon grease that had been put down the line was also clogging it up.

It’s a great way to measure if the investment is worth it!

They do this by foolishly assuming the good times will last forever and fail to remember the market cycles. 

It may be worth the investment if you decide to do out of state to eliminate any potential mishaps when it comes to timely repairs if needed.