The rest of the home was kept in good condition for resale.

I looked at somewhere between 150 and 200 deals before getting my first deal and that was at a time when market conditions weren't as tough as they are now. 

Have you considered specific local market conditions?

They’re fully renovated (or in good condition) and often come with tenants already in place, so you can start making rental income right away. 

If it holds up under these conditions, you've got a solid investment—better safe than sorry!

Do the condition of the units match market rents?

The main condition was I had to have the downpayment (20%) first, close the deal, and then execute the owner financed 2nd mortgage. 

It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.

This property had significant potential for value enhancement due to its location and condition.

It would be based on the scope of work of the renovation that you're doing comparing for values in its as is condition and values after rehab