but with that said - a lot of new investors to the site will come on and say they 'found a deal' that they're 'going to BRRRR,' and it's just a property listed on Zillow at 99.2% of ARV that needs to be painted. 

For example, focus on demo and structural work in month 1, plumbing and electrical in month 2, and finishing (flooring, paint, etc.) in month 3.

Being about an hour from Disney, their reviews seem to paint a picture that there are many folks that stop through for a few nights on their way to theme parks or further south in the state.  

Painting and Interior Maintenance: Every 3-5 years or between tenants, paid by the owner.12.

replace fixtures, HVAC, paint, and refinish floors.

You're barely doing new carpet, paint and replacing some doors on that budget.The issue (at least in DFW) is that B class doesn't lease at all.

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

Do you want to buy something more turn-key or are you open to some level of rehab (more than just new carpet and a coat of paint)?

Replaced the carpet with hardwood floors & new trim, painted all the walls, and completely renovated the bathroom What was the outcome?

So maybe that paints a better picture - I’ve advised them to dive into as much financial education as possible.