That sounds pretty normal for the area.

The profitability is very depend on the lease you negotiate with the property owners.

I question how much value above costs can be achieved.An ideal BRRRR has zero costs and has positive cash flow after the refi to extract the value add.  

The only way you're going to know about the cause one way or the other is to have a plumber inspect and troubleshoot.

Sometimes we help coordinate, just depends on the issue and the property. 

When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.

The rehab of the vacant was part of the business plan.  

PA was the other anomaly I was thinking of.

Subtract income tax and tax prep from your cash flow. :-)) Run 2025 through quicken and at the end of the year you’ll have real numbers and you can come back to this post and see how close you were.

To clarify, my banking model for the Series is to hold accounts for each series member.