Threw in a few quick formulas to show me the rent to purchase price ratio 2/(Purchase Price / Rent).I'm keen on BRRRR so I plan to add value and buy under market so I would expect my own PP to be lower, boosting these ratios up, but I'd rather be conservative to start.

Floor tile installation @ $3.00 P/F -Wall tile installation @ $8.00-Backsplash tile @$8.00-Tile demo @ $1.00-1.50 if we need to haul trash -Demo walls bathrooms(shower walls) $150- Demo backsplashes $100- Shower curb $8.0] P/LF -Shower pitch $8.00 P/F - Water proofing $1.00 P/F- $300 for drains and waterproofing materials

Contactless (online) payments is a big deal given the current state of things during C19, especially with the right platform that allows your tenants more options (ie. debit/credit card option, ACH payments, or even expedited payment processing, along with rent/payment due date reminders, and the ability to report positive payments to TransUnion in order to give your tenants' credit scores a boost; this acts as an added incentive for them in the long run as well).

Pros: All new mechanical, electrical and plumbing Sewer, water, utilities are already at the site Curb cuts are existing Most importantly you get the design you want.Cons: The permit process will be for a new home.

Sure, if I leveraged them I would boost this ROI to the mid to high teens however I have a good amount of leverage currently and like the fact that if I need cash in a hurry I can always pull cash out and re leverage.There is no right or wrong answer hereBest,Chris

The property is a Class C asset and enjoys an exceptional location with easy access to local retail as well as commuting distance to Midland / Odessa MSA of 278,807 people.Operational Upside: The property currently has four down units while other units are under current market rents.Value Add Opportunity: Improvements to the parking lot to enhance the curb appeal and interior upgrades will allow for an upgrade of the tenant base, and increase rents.

I plan to have the siding and windows replaced on rentals that I hold which are located in the Sherman Park and Havenwooods areas and I do not want to over improve the home from an investment perspective but I would like the homes to have curb appeal.

Sometimes you can add a run on a heat duct to give the extra boost of warm air.

This will bust the budget a bit but I think the value is there for curb appeal.Excuse the mess in the progress photos, it's not my contractors fault - My 15yd dumpster was late.Exterior painting concept below

My idea is to buy one of these properties and do curb appeal and lipstick renovations quickly and get renters in the unit.