If you cashed out, didn't 1031, paid the tax, and then did your renovations...the opportunity cost seems very high.

Seems I was writing the reply to Bill at the same time you were writing your answer. 

Seems like there is so much to keep track of so just want to know what you all are using.

I was originally looking to buy a Multifamily but that seems to be impossible due to prices and inventory.

Seems like an incredible community.

I think this works because the $3,000 would include depreciation and everything else.Taking this a step further, it seems to me this will work for a portfolio of any size if it hits only one tax return.

you seem like a good person to ask unfortunately I find myself in a situation where I got a property under contract at basically 200k and with 150k in renovations it’ll sell for 700k.

There seems to be a growing popularity with higher cash flow and growing appreciation in these markets as higher priced markets keep getting out of range for numbers to make sense.

Using a 203k seems like the perfect way to combine the benefits of both househacking + BRRRR strategies.

You never know what you're getting, the serial numbers are often wiped and they seem to break down more often.