No matter your level of experience, I am want to learn from you. 

And some platforms have more of a reputation for this than others.In my opinion the first thing to start with is at the platform level (or fund level if you're like me and prefer them to the platforms), and look at the uncured default rate.

A kitchen and or bathroom remodel is going to be much more expensive than a bedroom remodel.Using a Cost per SF can be a handy quick rule of thumb for estimating rehab costs, but only if you understand the Scope of Work, repairs, materials, level of finishes, etc that are included.Shawn does very high-end luxury rehabs in Los Angeles (correct me if I'm wrong), so his $ per SF values are substantially higher than what I am paying for my average grade rehabs here in suburban KC. 

I'm interested in fixer-uppers, C-class assets in a B-class area because I'd like to operate using the BRRRR strategy.

I am looking at moving my company to PR... that said, can you please provide your thoughts (brief and high level is fine) re: PR real estate market?

Thanks for the reviews; I'll submit a new application to buy a major fixer upper & then get a loan to rennovate it.

Thank youMore than lending I am trying to find a place where I might be able to take that equity and get a small fixer upper single family or multi family to get the ball rolling on investment just need to find the right low entry market...Should  I  try to flip to build up more money or fix and hold and try and borrow equity?

@Sonny Sach IRR is equivalent to an annualized return, except it takes into account Net Present Value (NPV) of money; or that a dollar today is worth more than a dollar tomorrow.High level, if you gave someone a 15% annualized return in cash flow every month for 3 years and no back end sale proceeds, your IRR and annualized return would be 15%, because it was 15% always.If you did have of that in cash flow (7.5%) and made up the difference on the back end sale at the end of year 3 (22.5%), you would still have an annualized return of 15%, but you're IRR would be LESS because it took 3 years to get the extra money instead of throughout the entire period.I haven't done the math to be honest, so in the first example they may not be exactly the same, but they will be almost the same where as the 2nd example there could be a couple percentage points difference between the Annualized Return and the IRR.It's because it takes into NPV that IRR is generally regarded as one of the more important metrics when comparing different investments because in incorporates the length of hold to achieve the desired return. 

If you've got debt dragging you down, take care of it to at least a comfortable/manageable level.

@Warren Kong@Greg SoonThat all depends on your experience level and how comfortable you are with understanding the contract and knowing what a contract should include to protect you.