The platform also has several other handy functions.

There's nothing nice about them, but they are functional units for families to live in. 

Considering it already has a tenant and rent is $540 a month, the 19k would be recovered in less than 4 years and that's with factoring $100 a month towards Capex and repairs (combined). 

I also want to practice analysis with a combination of HELOC and hard money but I just want to get the HELOC approach with the BRRR calculator straight. 

If you wanted to buy a computer and someone offered you one that was broken for 1/3 of fully functional price, or someone offered a working one at normal price, what would you do?

Very roughly speaking, we cash flow, after expenses and debt service, about $100K per year working 10-15 hours per week on our two facilities combined.  

Although each house may not cash flow as much as you'd like, you'll have two opportunities for property appreciation, combined with two families paying your mortgage!

Total combined amount around $370,000.8.

The house was built in 1880 so much of the layout was done as needed over time and as a result it didn't function well.  

In the past 10 years of renting, I have a CEO, a JP morgan analyst, high tech marking director, so on and so forth....They tend to stay 3-5 years, so I only had 3-4 tenants for the two properties combined in 10 years.....