We are implementing the BRRR strategy and hope to be completely finished with the project within four months.Some details about the deal:Purchase Price - 390kRehab Budget - 140kAfter Repair Value - 650kProjected Cash Flow - $1,800/month minimumCash flow is projected by collecting $2,100/unit.Some details about the rehab:Plumbing - $41,500 (includes all materials, switching to gas, two new water heaters and hot water tanks and hooking up the stoves, bathrooms and kitchens)Windows/Trim - $20,250Electrical - $28,000 (includes moving meters outside, adding a common meter and essentially all new wiring throughout the building)Appliances - $5,000Flooring - $9,000Front Deck - $2,000Kitchen Cabinets - $8,000Sheetrock & Paint/Plaster - $10,000Demo/Trash - $5,000Miscellaneous - $7,500For this project we had to use hard money to acquire the property.

When checking at the back of the house saw the heatpump until might be 2 ton and 2 large size propane tank. 

I got the luxury of having my stuff in storage and staying in extended-stay while they sat in my home.

We will make sure the Electric, HVAC and Water tank work, the roof does not leak and the rest is on them.

I had an idea to offer a year's rental pre-paid at a storage unit, with the moving/packing included as part of the deal.

Don't buy lot with gas tanks buried.

The other reason I like this property is because it has always been my dream to one day own a Self Storage facility. 

possible, but unlikely. especially if they are each needing to find alternative housing, you should offer them each a few grand so they can afford new rent/deposit, storage/truck rental.

On a cautionary note @Alison Kothmann don't go overboard furnishings because even if your guests are user friendly to them they will be getting a lot more ware and tare then usual and will need to be replace and/or refurbished more often.We purchased our beach row house in Oceanside, CA less than a year ago and fortunately furnished it with furnishings we had in storage from other rental properties we rent long term and from my daughter who is an interior designer and has a warehouse full of designer furnishings that were left overs or mis orders from previous projects. 

If, on the other hand, it was something like an oil tank that you find that wasn’t ever properly decommissioned, then you would want to go back to the seller and say, this was unforeseeable on our end, we need a little bit more time to figure out how much it will cost to remediate, and deposit stays as is.