@Joas Espinoza, the reason for the invention of the 1% Rule is to remind investors that unless you can get at least close to 1%/m return (when you already have a 75% mortgage and every other ad hoc capital and ongoing expense), then you risk your investment cash flowing negatively. 

He’s been burned in the past and doesn’t want to go fix problems on an ongoing basis.

I ran the CAGR on appreciation from each time our place sold to today's price, and the average annual appreciation shakes out to be:1993-2021: 5%1996-2021: 7%2002-2021: 4%2007-2021: 2%2014-2021: 5%I think if we used the most conservative number there and said the unit will appreciate on average 2% per year, that's another $9,100+ per year I did not factor into my numbers.

I think ~$100 per unit per month is a fair maint budget and another ~$100 per month per unit for CapEx is a decent start for ongoing minimal work. 

At least one of the units will need to be vacant to renovate, and the combo of new ownership, ongoing renovations and raising rents can usually drive the other tenant away.

Hi BP Community -I am planning on going to the foreclosure auction next month for my county.

I ran into the same issue two years ago when I did a BRRRR deal in Cicero, and I could only get 80% LTC (not LTV) when I went to refinance one year in.

There were current, in court, eviction proceedings that were on going and/or filed before the pandemic hit and shut everything down and many of those still have not been resolved.

Hello BP Community - I am finishing up a tour in Iraq and will soon be home, I want to hit the ground running once I'm back.

@Tucker Mortier I agree with James on going off-market.