If you purchase at a discount, then you'll be capped by your purchase price, not necessarily the as-is value of the property.

the place came w/ a fully liveable basement, including kitchen, shower bathroom the rooms have windows.  

So like if I replace the windows, or renovate a bathroom I write that off but if I buy new blinds for my half I do not write it off.

Helocs are driven by the Prime Rate which is 3% above the Fed Discount Rate.

Purchase price: $200,000 Cash invested: $43,000 House with a separate one bedroom/one bathroom on the second level.

are you going to be able to buy deals at a deep enough discount for them to work as a BRRRR? 

This does not discount the fact that these notes have gone bad and then turned into equity..

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

One thought if Scottsdale still owned the notes was, see if we can buy them at a discount and make a spread on re-selling them, but having seen that interview, you're probably correct that they had already sold them on anyways, keeping that spread themselves (which never got back to investors!

Replaced the carpet with hardwood floors & new trim, painted all the walls, and completely renovated the bathroom What was the outcome?