If your going to pay 50% at least have her go over there and do some "deep cleaning" that may not be included in standard turnovers.

I’d love to know how deep of the discount you guys had before I sign up.Thanks in advance!

It’s fantastic that you’re diving into real estate investing.. especially multifamily properties, which can be a powerful way to build wealth and generate consistent cash flow.

Modeling uses templates to estimate allocations although some firms still dig very deep on these types of studies, costing $1,000–$1,250.DIY tools are cheaper but often miss deductions and lack audit-ready documentation.

Congrats for diving in to CRE. 

Jeremy, your experience as a military civil engineer and project manager is so impressive—I’m sure all that expertise will be a huge asset as you dive into commercial real estate.

Lastly, if you still decide syndications are appealing, get educated on how to vet the lead sponsor (including deep background checks), the market, and the deal itself (even though some concepts are similar, it is not the same as the single family long term rental analysis).

Thats not my model and homes at that price point havent penciled out for me but im very much doing BRRR in my market with properties that do pencil. we add ~50k-60k of equity per BRRR on properties around 200-230k ARV  You can definitely create equity in D.C. though the 200k listed above is highly unlikely, the biggest issue is at those price points you are deep in the red cash flow wise after refinancing. 

It’s also worth diving into local regulations and HOA rules—they can shift quickly in coastal markets like this.

I always try to find better markets to buy in but once I dive in I can't find a better place than where I am at.