It just sounds like the BRRRR method but for business.

You can use this format when providing your email: JethroXsinistarYca, (replace X with @ while Y is a DOT ) Just let me know, Jethro."  

Your assumptions sound correct. 

Last year on one cabin I had to replace the roof, hvac, & tile shower which came out to $22k.  

It is something that an owner will tolerate when they move but I don't want to replace a couple of couches, deal with spray on a ton of vertical surfaces, etc.No cats. 

not wrong  just have to look at markets and market conditions.in many areas of the country building new just does not make sense when existing inventory can be bought for far less than replacement costs.. and rents wont change enough new vs old to compensate for it.

I am sorry, but I would run from that syndicatorIt sounds like you lost $13,000 from this investment or at least this property calculated as follows($50,000) + $5,000 + $32,000 = $13,000On top of that, he may have increased your overall tax burden by doing a cost segregation in year 1...

You mentioned about the BRRR strategy, this is not as easy as it sounds.

During a final walk through, management sent photos of doorway damage that was extensive on 3 doorways, and will require a full door and door jamb replacement.

I tried to estimate 20% higher on repair costs since i do not have a wealth of experience estimating yet, there is some minor water damage, and some heating and electrical that needs to be replaced, which is where most of the expense came from.