Plans only work until they don’t… due to a ton of unforeseen costs in a major renovation and revenue targets not hitting even our conservative metrics it doesn’t cash flow.Chris, I recommend taking your questions elsewhere.

In the current market environment, it will be very difficult to have any positive cash flow or complete a successful BRRRR even with conservative debt levels, and pretty much impossible if financing down payments/ any zero down strategy unless you have a partner willing to put up all the cash. 

You are conservatively looking at 4 months before you get paid.

That is really not that bad of an option to be honest as it forces you to be more conservative and to build your portfolio strategically. 

Also, consider factoring in a conservative appreciation rate and double-checking your repair estimates.Hope this helps!

The subject property is zoned Neighborhood Conservation (NC). 

>appraisal just came back for $235K when we had estimated along with our real estate agent an ARV closer to $340K based on comps. in My market the refi appraisals are more conservative than appraisals associated with offers.  

On our last BRRRR deal we refinanced at 65% LTV... it's conservative but it's a string to pull to hit our COC target (about $150 per month) at that time.

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept). 

My goal was to conservatively beat rent and at least breakeven after move-out.