I must be missing somethingFinal Analysis After Adding Half Bath and Refinancing the PropertyExpected Rental Income: $1,200/moExpected Annual Gross Income: $14,400Monthly ExpensesTax $88Insurance $56HOA (Includes heat, water, common insurance, building maintenance) $263Repairs $50Total: $457/moTotal Annual Expenses: $5,484Expected Annual Net Income: $8,916Cap Rate: 6% (based on home price after refi)Principal & Interest after refi: $457/moCash Flow: $286/moThis deal is a moot point as the building is already over its rental cap, but I wonder if I'm getting close to an accurate picture of the BRRR process.

I also recommend that they ensure the coverage includes; AC/heat, plumbing, appliances & electrical.

It has two working central heat and air units and is located one street away from one of the main streets in town.

The reason I get heated about this topic, is because you are operating a business where you hold someone's housing in the balance.

Management Fee: $0 Self manageTenants pay electric & heat source is electric. 

I recently moved to Kansas City, MO from Miami, FL.

However, as an investor out of Miami with a base in other top markets like Atlanta, all I saw in Detroit was opportunity. 

If not , what stage of the process is he at?

There is also some sort of electrical transistor that is throwing off heat in my compressor room.

Miami (pronounced MI am uh) is a smallish town.