Some minor plumbing was done & I asked for receipts.

@John Underwoodyes. but my main business is to buy cashflowinf SFR between $120-160k and use the brrrr method.

Repairs are not major, little sheet rock work and plumbing bill.

I'd like to go to the local community college and brush up on plumbing, electrical,etc. so I can do that preventative maintenance when tenants are turning (that means on my watch lol). 

Seller has done a good job of keeping up with electrical, plumbing, fire safety, HVAC and general updates.

People will argue the pros and cons of this method, but it's the most important element of the business.

Having grown up in Willimantic (you'll laugh if you know the area), I wouldn't quite classify it a slum, but definitely not my ideal place to raise a family.My question is this: I am highly interested in the BRRRR method, and there are several multifamily properties in the "slums" that I am interested in.

The best way to make the numbers work is to limit the work to cleaning, paint and carpet and avoid expensive projects like roof, windows, replacing plumbing and electrical systems, driveway etc - as these take huge amounts of capital, but will typically not drive up the ARV by much.

It certainly seems like there are a lot of different methods in managing a property 

We installed new windows, siding, roof, new kitchen and baths, new electrical, plumbing, boiler, insulation, drywall etc.