We are splitting up capital contributions at 50%, but see having different involvements in the repair process.

And you need to keep detailed records of all repairs and improvements.

I find that cash flow is very important so that I don’t have to come “out of pocket” to pay for major improvements / repairs  

to BRRRR something, you need a goldilocks property - something distressed enough that it can be bought substantially below market, but not so distressed that it can't be repaired. 

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

Renting out mobile homes can be a great source of cash flow but they’re notorious for being damaged significantly by tenants and tend to need a good bit of repairs before renting out to the next tenant.

Not necessarily turnkey but should need minimal repairs if at all

The combination of high costs and the after-repair value (ARV) frequently leads me to conclude that buying a new rental property is a better use of capital.

Single family house, which required smaller down-payment and little cosmetic repairs.