Wanted to see what the experts in this community seeLocated in NJSFR, 3bed, 1bath, 1,100 sqft, lot size 9,435 sqftSits across a lagoon, Waterview not waterfront, currently not in a flood zone (reassessed next year and expected to fall into one)*Town requires that it be lifted by 2024, the cost will be about $50,000 all in.Purchase Price: $175,000 (10% down)Last Tax Assessment: $236,800Taxes: $5,328 per year ($444 monthly)Home Insurance: $1,200 ($83 monthly)Flood Insurance: $450 ($37.50 monthly)PMI: $101 monthlyElectricity: $100 MonthlyGas: $50Water Sewer: $25 MonthlyRepairs & Maintenance: 5% ($110 Monthly)Purchase:Down Payment 10%: $17,500Estimated Closing Cost: $9,000Total Down: $26,50030 Year Term @ 3.875%The goal is to rent the other 2 bedrooms at $750 each. 

@Christopher VincentCurious as to the size of these deals that you are targeting.

I would rather flip and get my big profit now than cash flow $100 a month when leaving a big chunk of money in the deal due to the size of the project.

I don’t think it’s a one size fits all.

-Bring existing structure to code(electrical, smoke detector, window egress size, etc.)

@Bryan Cavellier you can BRRR any size property , The most shrewd real estate investors use it for some of the most expensive buildings in the country ,, They call putting Debt on their Asset ..  

Again, it’s an 8 unit building so the size is about 3.3 cubic feet, so not a huge commercial one.

When analyzing the markets, what should one look out for other than the price of the property, size and units?

We have expanded our practice to offer in-building wireless systems that are designed to improve cellular coverage in mid to large sized buildings with coverage issues.  

The window by the stove was melted - had to replace it, not easy to do since it was not a standard size.