However, we do have the flexibility to rent it out.Our goal is to refinance the property, as we initially purchased it with an interest-only mortgage, and get it rent-ready.

This can kill a a project if you don't have flexible financing.Also, try to have multiple exit strategies.

@Casey Johnson You can leverage your personal residence to fund your BRRRR strategy by using a HELOC once your home is far enough along, giving you flexible access to your home’s equity.

Banks and credit unions can also offer flexibility for investors that engage in strong relationship-building strategies, offering discounts and solid loans in exchange for borrowers willing to use the institution for other purposes (savings accounts, etc.).

This flexibility makes it easier for investors to secure financing and grow their portfolio.2.

So, you while many unexpected repairs are not avoidable, if you know where the flexibilities in your project are you can manage the project to completion by making these sorts of decisions along the way. 

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These options would still keep your costs down while offering practical benefits that could attract a larger demographic of renters.Starting with one of these simpler conversions also gives you the flexibility to explore more ambitious plans down the road once you have a better understanding of the property's potential and your own budget constraints.Hope this helps clarify the options.

A license that can earn you well over $100k in less than a year if you are earnest about training in the industry.Be flexible.

Because you won't have to pay interest and you'll have more of a flexible deadline.