An LLC also makes refinancing in the BRRRR method smoother, as many lenders prefer loans through an entity for multi-property investors.Starting with the right structure positions you for long-term success.

In each category, note how much you are bothered or stressed on a 1 to 5 scale, with 1 = not bothered at all and 5 = stressed out: Pain Points Stress1 to 5 Pain Points Stress1 to 5 Unit turnover Exterior maintenance Advertising for available units Deferred capital expenditures Tenant screening rules Plumbing or electrical emergencies Tenant selection / discrimination rules Mortgage payments Documenting move-in conditions Bookkeeping and bill paying Documenting ongoing conditions Taxes and insurance premiums Dealing with tenant complaints Risk of late payments or non-payments Dealing with neighbor complaints Risk of property damage or vandalism Mold, termites and rodents Premises liability Interior maintenance Evicting tenants If your completed table has mostly 1s and 2s, then congratulations—you are a happy landlord!

The BRRR method is not about "numbers working" in a given market. 

I am the only real estate investor with my bookkeeper and at first she thought this was a little overboard but once she started setting rules in Quickbooks to simplify her work she quickly realized how simple this method makes things.

You still have flooring, cabinets, bathrooms, plumbing, insulation, paint, etc, so all that cost remains the same it would seem. 

I have minimal plumbing experience and thought it would cost me way more than what the actual bill was.

roof on, framing done, pool started, rough plumbing done, electrical rough will start next Thursday, A/C install next Tuesday. 

Does anyone use another method of goal setting or periodic review method?

If you're pulling a permit already for plumbing changes, just get the permit for the room conversions at the same time.

I do plumbing inspections on the way in, along with full home inspections, and sometimes we do a pre-sale home inspection on the way out before the sale and we offer that as part of the listing package.