Hi @Briley Roe,Is this the loan estimate or initial closing disclosure? 

But balance is key—keeping some cash reserves for unexpected expenses is critical.Lastly, I’d recommend running detailed numbers to ensure the property cash flows well, even with conservative estimates.

Analyze potential deals by estimating the After Repair Value (ARV), repair costs, and total expenses. 

My take on this is to underwrite purchases based on expected LTR rents (I like rentometer and the BP's own rental estimator), but start charging 1.5x that rent for your MTR.

Clearly there's a lot more ROI and work for a BRRRR.After finishing David Greene's BRRRR book and combing the forums, my impression is it'll come down to building the right team and doing our due diligence on finding and analyzing deals, estimated ARV, rehab costs, and rent /demand for an area with the most conservative estimates. 

That said I like to be able to run year end reports with an estimation of tax liability so I can provide financial statement information to investors/etc.

Ask them to do a cost estimate.

I’ve used PriceLabs Revenue Estimator in the past with great success.

Just make sure to research your local rental market and get comfortable estimating rehab costs.It’s a smart plan, and you’re off to a great start.

If the roof itself is not covered, you can estimate your out of pocket if the whole roof has to be replaced.