What aspects of BRRR do you want to discuss?

I like the all-in-one aspects a lot.

Lets say you needed $100k in financing at 12% + 2 points and it took you a year to rehab and refinance that is an extra $14k + closing costs.2. you mention roof is 18-20k.

There are several aspects of a long term lease that are not needed, or additions that should be included in a mid term.

I’ll also amortize large items like roof over 20 yrs, and then add $100/mo/unit for general repairs.

When you look at a property make a list of all major capital expenditures roof hvac etc.

Get a team to help you through every aspect of the deal.

Outside we had trees taken down that were going to cause major future problems with the roof, gutters and the view.

Your plan to handle the strategic aspects remotely while a property manager handles onsite issues is smart, and as long as you log your work and stay hands-on, you’ll likely qualify for active status.

Purchased for $69,000, it needed a full rehab, including a new roof, plumbing, and modern updates inside and out.