I’m sure my post will be drowned out by a bunch of turn key operators, Realtors and lenders promoting markets with C/D properties but hopefully you will take some time to consider what I shared because most who focus solely on the BRRRR method work harder, not smarter in their real estate business.  

A tenant may only be evicted on this basis if the property is being demolished or if renovations will a) substantially modify or replace a structural, plumbing, electrical, or mechanical system, and require permits, or b) remove unsafe materials, such as lead paint, mold, or asbestos, from the unit.

Compared to pre-TCJA rules, there is no material change in the tax treatment of a building involved in a like-kind exchange, where a cost segregation study has been performed.

Simplify as many standard processes such as online rent payment, leases, apartment turns, paint, and other materials, and re-key all locks to a master system.

Get a couple estimates materials and labor.

Also, your wife simply would need to "materially participate".

With sub-metering a owner will: Quickly identify water leaks; Promote common sense water conservation; Mitigate catastrophic plumbing events; Lower their tenants' over all rental expenses.

I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .

Updating the interior is costing me $63,000 for demo, installation, and materials.

InflationRising Costs: Inflation drives up the cost of materials, labor, and property maintenance, potentially shrinking profit margins.