Sure, if you are a super experienced investor or work at a fund, you'll have a good idea of your WACC and will use that as your discount rate, but for us mere mortals picking a discount rate seems like a shot in the dark.

I am merely using this as an illustration of how the BRRRR method might lead to owning more homes but not necessarily lead to better return on your money or time.

Title insurance offers more protections than merely the most recent transfer and whether the property is encumbered with a mortgage.

This metropolis is prepared to surge toward even greater heights of development, not merely hold onto its current speed.

The FIRPTA withholding is merely an advance payment of that.

I am merely pointing this out because I've gathered since becoming more immersed with BP that most investors equate completing a BRRRR as a success story and are prioritizing return of capital over other underwriting inputs that offers a more meaningful look into the properties realistic profitability.

Merely doing a COR again in this case isn't going to meet my goal of selling a few and paying off a few.

There is merely varying degrees of risk.

If you have blueprints and enough information, I am sure a licensed appraiser can give you a better estimate of ARV.If I do a CMA and estimate it merely based on the numbers you provided, you are looking at an average of $3MM +/- 500K.

For example, when the entire town of Paradise, CA burned down a few years ago, many non-admitted insurers became insolvent leaving their policy holders high and dry.