Then you can just go to the chat, and analyze the deal, it can even pull CMA and rental estimates, count in the repairs and get you cash-on-cash or cap rate or whatever metrics you need.

Negotiating a better interest rate on your refinance would reduce your monthly mortgage payments, helping boost cash flow.

With $60K to invest, you might also consider looking at more affordable markets, either in California or out of state, where you can house hack with better cash flow.

I am considering buying the property in cash then hiring Servpro to fix the cigarette damage.

The biggest hurdle you'll have to overcome is accepting breakeven or negative cash flow at the start. 

Depending on how close I was to having 20% equity in the property and being able to avoid PMI, I’d consider using some of my cash to pay down the mortgage when I refinanced.

Purchase price: $285,000 Cash invested: $4,000 Purchased in 2021, rented out part time in 2022 and 2023—full time short term rental since 2024.

Also, with current interest rates, the BRRRR strategy is almost impossible because even with lower average property values, the rents are also low and the ratio prevents the ability to refinance all of your capital out and still cash flow.

Purchase price: $195,000 Cash invested: $40,000 Just Bought an STR near the New River Gorge National Park with 6 Lots.

Also how accurate is the cash flow to the examples on their website?