In my experience, a successful BRRRR typically comes down to two main things: finding a good deal and managing an efficient renovation.

It's a great path, but it takes time and energy.

Licensed with permits ~$3,250.HWT standard gas single family low efficiency without exhaust retrofit $900.Sand and stain hardwood floors, natural stain $3 per sf.Paint interior walls, ceiling trim and doors 3 tone paint scheme 2 coats $3.20 per sf (floor area cost includes paint)Click lock LVT flooring install overlay inclusive of prep and quarter round $4.50 per sf (materials and labor)Asphalt roof installation 3/1 - 800 sf bungalow with 2 layers of shingles - ~$7,900Standard porch cap replacement with 2 new precast concrete steps ~$2,500Used stove or refrigerator delivery and install $350New stove or refrigerator delivery and install $HD model specificUse this as a general guideline. 

The police love to claim it's a "civil matter" so they won't have to spend time and energy on it. 

This tends to be more time intensive and more for someone that has a lot of time and limited income as you may find a "home run" type deal with some effort/energy.

Learn how to cost-efficiently furnish everything for the space, and take a risk on MTR.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

These are entirely relationship-based and do take time and energy to cultivate but are very lucrative once you cultivate them.

Focusing on just a few markets gives you efficiency at scale with your team and process.

In the meantime, enjoy the free energy they provide?