If you purchase at a discount, then you'll be capped by your purchase price, not necessarily the as-is value of the property.

the place came w/ a fully liveable basement, including kitchen, shower bathroom the rooms have windows.  

Upgraded kitchens, bathrooms, and other items that hadn't been touched for years What was the outcome?

the kitchen,fridge and bathrooms are disgusting and it is damaging the properties.

Helocs are driven by the Prime Rate which is 3% above the Fed Discount Rate.

So like if I replace the windows, or renovate a bathroom I write that off but if I buy new blinds for my half I do not write it off.

Purchase price: $200,000 Cash invested: $43,000 House with a separate one bedroom/one bathroom on the second level.

One thought if Scottsdale still owned the notes was, see if we can buy them at a discount and make a spread on re-selling them, but having seen that interview, you're probably correct that they had already sold them on anyways, keeping that spread themselves (which never got back to investors!

are you going to be able to buy deals at a deep enough discount for them to work as a BRRRR? 

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.