Looking to get into the BRRRR game and trying to estimate how much renovations will cost for an average distressed 2-3 bedroom home roughly 1200 square feet or less.

Quote from @Chris Seveney: Quote from @Devin James: In 2021, we saw buyers upgrading to larger homes, taking advantage of 3% interest rates to afford an extra 300+ square feet.Today, smaller homes are selling much faster as higher rates make additional square footage less affordable.While rates are historically average, I don’t see them dropping significantly.

those with score averages between about 625 and 685 have issues, but generally are manageable. 

I have financed several short term rentals and the above average value properties have been a challenge to get a supportive 1007.

Overall I think the average hotel/motel is not doing well right now. 

Average returns on $200k in VTI or VOO turns into about $3M in 30 years even if you contribute $0 between now and then.

Rent we collect is typically 30-50% higher than market average.

Contact the utility provider and get a historical average based on the last year of use.

Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median home value is not even in the top 3.

Usually how many average starter homes 1800 SF - 2000 SF homes can you develop after driveways etc.