Are you looking for a stable method of building financial freedom?

I am an engineer and not a CPA, but...I have recently gone through an IRS audit of 3 years of returns dealing with a handful of SFR's and one new STR.The STR was 360 mile R/T from my home at a Beach location. 

Glad to see the responses from @Natalie Schanne and @Justin R. amidst the easy responses of "no dice." 

The best thing about using this method is while you may not always reach your final goal at the end of the 12 weeks, you pick up so much along the way and many times end up stumbling upon other opportunities you were not looking for. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Grand Rapids.

Sale price: $163,500

"Henry I" - 3 Unit, Grand Rapids, MI

Brrr#1, July, 2015
Purchase price and type: $163,500...

The BRRRR Method can be a powerful way to scale up your real estate investing. 

I've looked at using other valuation methods; however the IRS seems to favor using property tax assessment.Would appreciate any insight!

I can figure out the ARV but repair costs are the make or break wild card.I am looking for a rule-of-thumb method of estimating house repairs from my couch.This is not an exact science.

Use the enemy method and Facebook groups.

Originally posted by @Michael R.