Where will the initial rehab money come from before it is replenished from the holdback?

Even if the numbers look good when you’re done, but your cash position will be bad, you can sell one and replenish your reserves.You might have just put yourself in a bind, but you have to see what it looks like at the end, determine whether you can get there, and what you will do once you’ve reached that point.

The primary benefits of BRRRR are replenishing your working capital through refinances and creating equity through your renovation. 

Rather than try to answer your questions with numbers because answers will so dependent on your market, here are some costs that you should consider categorically that you might not be thinking of from your experience with long term rentals: - Insurance (that covers STR activity--not just any landlord policy) - Utilities (including internet and possible streaming services at minimum)- Hot tub maintenance if applicable- Replenishables (paper towles, coffee, etc)- Laundry service (maybe this is bundled with cleaning) - STR specific taxes in addition to property tax- Trash/recycle- Yard care, snow removal- Licensing cost from your city if applicableHope that helps! 

Playing with the numbers it looks like $170k would be as high as I would want to go. the reason I am thinking of seller financing, is because our money is tied up in the recent duplex purchase, so once we replenish our saving then, I could consider refinancing this four-plex. 

With that many houses, it's fairly safe to say you will have replenished the coffers some along the way as well as built a cashflow machine that brings in a minimum of 4k a month.You own 20% of 20 properties so if there's an emergency you do what you have to and fire-sale a house or two.

Hello,I am planning to sell my multi-family home and I think both my HVAC units have reached end of life and one of them seems broken perhaps I need to replenish with coolant but I can’t confirm until I see an HVAC technician .My question is would it make sense to replace with brand new hvac units before selling?

State and local tax, local licenses, insurance, marketing, replenishing cost, etc...all add up. 

, 50 Gal water heater, real wood square edge baseboard & trim throughout, exterior doors, bath vanities w/ mirrors, fresh paint, replenished landscape rock & gravel, stainless steel appliances and more!

NEW 50 Gal water heater, real wood square edge baseboards & trim throughout hand cut and stained, All new bathrooms, all new paint, replenished front yard gravel, stainless steel appliances and more!