There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex we bought for $93k and rehabbed for $75k (in retrospect, we could've negotiated a lower price 🤷‍♂️ - discussion for a different post), hitting an ARV of $190k when our target ARV was $170k.Two things that stood out for me that helped us secure a higher ARV that anyone can use in their next BRRRR were:1) Fix the property to be in the top 75th percentile -> To improve our success rate, we consulted with both our agent and our PMC on what kind of materials and finishes the best properties (highest ARV Comps and Rent Rates) had in the area.

Quote from @Emily Mohr: Software is a common question on BiggerPockets.

What are the best kind of properties for section 8?

What kind of returns are you getting? 

We manage a portfolio of 500+ units and the most common duplex you will find in the area is an up down that has 2 beds and 1 bath per unit, your looking at $600-$650 a unit for those. 

Long overdue update:I pursued the tenant through small claims court, and won, kind of. 

Interesting to hear that people aren’t familiar with this as it is very common.

Structure the agreement using tenants-in-common or joint tenancy, outline a co-ownership agreement, and consider financing options like co-signing the mortgage.

I think it depends on 1) what kind of profit/loss you’d make if you sold it and 2) whether fixing repairs and replace the siding would increase the next tenant’s rentI hope that helps some!

Also those levels of requirements are more common on larger commercial loans, I’m hoping to start in the residential space 4 units or less.