It's hard to harvest equity on these plays, unless you commit, long-term, towards very light leverage, as the only practical ways to benefit from the equity in your portfolio, if you plan to never sell it, only exchange it, for a lifetime, are to spend the cash flow, or cash out refi.

Change all lighting to LEDTo increase revenue: 1.

In many/most BRRRRs that is irrelevant because when the property is bought it is often not fanciable using traditional mortgages.

Fixing a leaky toilet, replacing a broken light fixture, etc. can create good will.

Broken glass lantern by the pool, smoke detector hanging in hallway, broken ceiling light in the bedroom, face plates missing or missing screws.

And I would find a decent job to utilize to help get traditional lending with.

The reason sellers cannot sell these properties through the traditional market is often due to certain issues, and 98% of the time, these issues are not beneficial to you as a buyer.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I decided to put much of what I had learned from books into action by purchasing a two-bedroom home—not as a traditional investment property, but as a home for my mother.

I have green lighted projects earning cash.  9 properties generating $7,200 monthly.I look for like minded investors interested in maximizing every invested dollars.  

If your project qualifies for EPP (Express Permit Program), then you don’t have to secure permits in the traditional way.