There is a happy medium out there.

We've received a few quotes, but most are over $30k per unit.I've seen several posts on Facebook and Instagram BRRRR groups that do medium rehab for $8k-$14k per unit for both labor and material costs.

I am interested in exploring renting it out long or medium term.

For example, I want to know the cost needed to do a basic improvement (for a rental), a medium level improvement (live there) or a luxury rehab (use it as an airbnb).

Back to the kitchens, I especially like the  (before) galley kitchen with the tile floor, and if there was a door opening at both ends at ADA specified widths that would be a nice feature too.Good Luck!

@Brian OMahony  SMS marketing  (regardless of the tool or medium) is entirely dependant on the quality and focus of your list and in SMS (or cold calling) the quality of the phone number look up of the owner/site address (skip tracing tool).  

Our plan is to hold this medium-term rental property to build equity and develop a larger portfolio soon.

I am planning to do more buy and hold, but in little medium to large scale.

Curious of a few things for those that execute this strategy currently:-The city the property is in has a no more than 4 unrelated people rule, would that be an issue for me if all bedrooms were full or does the fact the basement tenants would be short or medium term save me?

Purchase price: $390,000 Cash invested: $150,000 Rezoned to allow for ADU and am currently finalizing plans to add a second story and redevelop the 3-car detached garage into an medium term rental with an ADU above the garage.