The previous owner partially replaced the windows and there are stains resembling previous water damage.  

Our local investors just get shocked about priced paid…..and our property taxes at least doubled because of these inflated values.do you see the resemblance?

And that if there is anything wrong about this agreement, such as a 5 year lease not being customary, legal, or resembles the activities of a confidence man, the judges can do what they feel is right. 

There are two parts of BRRRR that have very little to do with mathematics, nothing to do with bankers and agents, and require intimate involvement with the property.Renovation: with or without the help of a general contractor, actual people have to fix actual problems with an actual structure within an actual budget.Renting: after the property is renovated, with or without the help of a property manager, tenants have to be placed and the property has to be successfully and profitably run over the long haul.These two things in the real world bear very little resemblance to crushing it in FarmVille.

And I'm not talking anything even remotely resembling a "war zone".I plan to stick with middle income areas where the underlying demographics and culture pretty much reflect the national average.

So you might find a very small niche market of people who like living in what resembles a ginormous corrugated boxes stacked on top of each other, but 90% of your renter pool isn't look for that, no matter what trendy color you paint it.3) Construction and Maintenance. 

🏢Ever looked at multifamily metrics and thought they resembled a bowl of alphabet soup more than actual, understandable numbers?

I doubt anything will move forward given the current make up of Congress, and the Biden Administration is not likely to approve anything that resembles a tax reduction.

Usually ending up with a plan that doesn't even come close to resembling what we started with.... but that's just me. 

A 95k home is probably not comparable to a 223k home, so you need to look at both and figure out which one will more closely resemble your home when it's completed.