We would be getting about 200k in equity and would use up to half for BRRR or flip. 

Half of the backyard is dirt now and I think future tenants will have an expectation that there will be grass there.

Because the tenant broke up with her boyfriend mid-lease, then found a new roommate, it's been at this price a year and a half, though this lease itself is only a year old.

There are some buildings that you can lose money on if you get them for free, even if you get half of the renovation paid for. 

This wasn’t my original plan with the deal, I just had to cover my mortgage when I realized at a young age that half my income was going to a house payment.

I have no income tax statement for the entire year of 2020 and half of 2021.

Again, I'm new here, so someone please correct me if I'm getting this wrong, but based on the popular 50% rule, half of your gross income from the property will ultimately go back into capital expenditures.

It's one of the easiest ways to see if the person is an absentee owner or not, amongst other benefits.  

However, if it is a prefabricated metal half circle type of installation then that sounds right.

My guess is if you purchased a year ago, you are going to be seeing about the same rates now, give or take half a percent.