to BRRRR something, you need a goldilocks property - something distressed enough that it can be bought substantially below market, but not so distressed that it can't be repaired. 

There's not many tools in the box to repair many years of poor policy i.e.

I find that cash flow is very important so that I don’t have to come “out of pocket” to pay for major improvements / repairs  

The second property will need 25k in repairs, and rent for 1350-1450 monthly.1.

And you need to keep detailed records of all repairs and improvements.

The combination of high costs and the after-repair value (ARV) frequently leads me to conclude that buying a new rental property is a better use of capital.

This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.

We are splitting up capital contributions at 50%, but see having different involvements in the repair process.

They do an inspection, look for potential costs with repairs and produce a final report.

Renting out mobile homes can be a great source of cash flow but they’re notorious for being damaged significantly by tenants and tend to need a good bit of repairs before renting out to the next tenant.