Eventually we upped the budget to get something we would absolutely love even if it was slightly cash flow negative.

For flipping, focus on accurate ARV estimates and budgeting for unexpected costs, while for BRRRR, building strong relationships with local lenders that can help streamline your hard money into your refinancing.

Then we sent them each the same raw video and told them our budget, in this case only $50.

I ultimately obtained a variance to build 12 townhomes and 18 condos reliant on my hardship case and by agreeing to take responsibility for replacing the retaining wall in a re-designed terrace approach that stepped the wall back from the most immediate neighbors which was a rounding error once applied to the overall project budget.

With the budget mentioned, you can find single family rentals in Columbus and duplexes in Cleveland under 200k.

They got fundamentally sound real estate, with matching debt (10+ yr fixed rate) and budgets with the intent to hold nearly forever. 

You can view my live rehab budget spreadsheet as I renovate here if you're interested in following along I'll be posting @LearningToDIY on instagram too https://biggerpockets.notion.site/Rene-s-Renovation-Budget-T...

In the City of LA these unpermitted units typically still end up with a decent amount of construction work to bring it up to current code standards, but if you plan for it, and your budget/proforma allows for it, it can be an acceptable investment.

My own observation leads me to believe that a large part of the buyer agent’s time budget gets spent on showing houses and transportation to and from those houses.

I'd have a Home Inpsector and/or General Contractor go over the place and make a list (Scope Of Work) with a tight budget.