Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.

We almost went with a loan that we have to pay all the cost upfront and then get reimbursed on the back end and that was just not something we were willing to do.

I've done this on one house in order to cut costs - since then, I've added a meter with the utility company but it's a good workaround for the short term. 

Agents are also advising you to look for expensive mistakes (like checking the sewer which could cost 5-40k) and using their network and contacts to find homes off market or FSBO.  

Bonus points if they’re used to working with investors or can help keep costs in check while maintaining quality.Cheers,Kevin I would say this about BRRRRR, especially as a newer investor. 

Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

You should only be liable for tax on any appreciation since you inherited the rental (minus the cost of your improvements). 

One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property. 

.$8,000 would likely go away in closing costs.

Partner Driven fully funded the $60,000 purchase price and covered the $109,106 renovation costs.