During one of my rehabs they made me replace a brand new window I installed because it was 2 inches short from code.

Just like the BRRR that is talked about on this site.. shoot we were doing those 30 years ago.. we just called it cash out refi.. so you take someone who just brands it and folks think is some great idea that was just created..  

I am BRAND new to REI and am looking to potentially make a buy and hold play in the next year, Reno might be that market for me under the right circumstances. 

And yet I would bet that any property that's not brand new or fairly new, will have some items that could fall into this category.

You can leverage their brand presence in that particular neighborhood. 

But the best thing about it is that I own this amazing house with all brand new big components.

The walls can't be cracking and 1990's beige when you installed brand new hardwoods throughout.And, while new cabinets and counters and appliances are nice, if they are not well laid out, or you jam an island into a space that does not allow for stools to be pushed out, or the oven door to open because it hits a cabinet pull, that new kitchen is meaningless. 

I don't know what area exactly that you're in but likely 5.25% to 6.25% for something brand new near downtown. 

@Nicholas L. brand new to real estate investing! 

Many will be well educated on their housing options guided by their brands, teams and universities, and are well capitalized and qualified on a short term 3-6-12 month basis, and I actually had a client purchase a newer townhome in Tallahassee for lease to a football player at FSU..Keep in mind the top earning NIL athletes stretch across multiple men's and woman's sports.