I am saying that if you are getting the property for below market value it stands to reason that there will be some differed maintenance that will need to be taken care of immediately, not with your reserve which is only $1,200/month which won't fix much until you have built it up.You never did answer, what is the current occupancy and current rent roles are?

I was planning on doing BRRRR but there is a foundation issue that makes it unable to obtain financing.It is a 1200 sq ft ranch on footing with difficult to access crawlspace built in 1952.

We added a 3rd bedroom in the lower unit, re-built the front porch and updated painting.Currently remodeling the upstairs unit.

@Jason Hopkins Let’s connect while you’re in town.

In my town, there is a business owner that was being hindered by ordinances passed by the city council. 

Her home is in Idaho and mine is in Washington state (in towns about a 45 min drive apart).

If you go back in time >12 months, every FHA loan (at least in the Bay Area with high appreciation) had an automatic refinance built into it 12 to 24 months later.

Hey BP family,Hobby Lobby is opening a new location in my home town very soon.

We are in a situation where we have built a good bit of equity in our current primary residence and are trying to figure out the best method to leverage that equity to continue building our portfolio as fast as possible.

Since I'll be studying in my home town for college, there's no need to househack but it wouldn't mind it.