Besides large ant farm community housing, I’m literally the only game in town.My units are brand new stainless steel kitchens, butcher block countertops, LED lighting, etc on and on it goes.That being said, comparable cap rates for multi family (not updated) are selling for around 10.5%, and I purchased the property at a 10% cap rate.The commercial lender at wesbanco wanted to use a cap rate structure in determining value of the property.

I'm working on my first BRRRR property, and I'm stumped with what to do with the kitchen. 

So my city seems to require permits for anything and everything...kitchen remodels, bathrooms remodels....if you make any changes period pretty much they want you to get a permit, but what kind of problems could I face in flipping or Brrrr-ing a property if I don’t get a permit for let’s say the kitchen remodel or the bathroom remodel.

1. wash all base, case and inside/out of old cabinets [kitchen and bath] with TSP.  2. clean the carpet with a deodorizer - you may have to replace the carpet3. clean out the vents, follow the instructions above to air out the basement/crawl space and open those vents, 4.

I want to tackle replacing the water lines to the kitchen sink myself and have a couple of questions, how do I connect the new CPVC lines to the old galvanized lines at the point where I will be cutting out the old galvanized line?

I failed to mention that the cabinets are already purchased.I have planned this kitchen for 3 years.and I went with the smaller appliances despite the fact that they are more expensivebecause they look better in the spaceI chose operational effectiveness over operational Efficiency you would have to see the space to understand. but trust me saving 1,500 dollars on appliances by going with larger  ones was certainly vetted and I ultimately decided to go with the more expensive option of the smaller appliances because it leaves a smaller visual foot print. because it just fits the space much better. 

Just think small kitchen.  

Quick question . . . we are doing a flip on a house and are redoing the kitchen (replacing cabinets and appliances. 

I am glad I did this, as it let me live through some of the costs of home ownership, which are similar to rentals: HVAC replacement, water heater replacement, kitchen and bath remodels, etc at my own house before buying a rental that needed these things and not being able to estimate the costs.  

Purchase price: $124,000 Cash invested: $93,000 Sale price: $268,000 Complete renovation. 3/1 to 3/2 1008 SQFT - Floors to AC, paint to roof repair, kitchen gut to adding a full bath.Key lessons learned: What made you interested in investing in this type of deal?