Quote from @John Winters: Greetings BP ~I am hoping to receive some feedback on the financial feasibility of this plan and/or some tips to improve it. 

Many improvements may qualify as Qualified Improvement Property (QIP) and can be written off immediately rather than being capitalized.A question that investors ask a lot is if they should perform a cost segregation study before or after a rehab.

This can give you more confidence regarding moving forward or not.

There is a ton of fix and flip going on in Brooklyn and I am trying to work my confidence towards that after my first project at a lower price point around 300K somewhere (CT seems like my only option). 

Hi all,Posted on biggerpockets my first deal back in 2011, this forum gave me the confidence to get it done. 

Purchase price: $250,000 Cash invested: $14,000 I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability.

The process seems daunting and overwhelming, and I am not confident I will put the time in to talk to sources, analyze, and find properties for investing purposes. 

Together I have $50k in deposits for North Port, so a lot on the line for me.Needless to say, after 3 years and counting to have a single house built in Cape Coral, I don't know how I can confidently move forward with the North Port builds.

I have read the book on long distance investing and still am not too confident to get started.

The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.