Anticipating issues in refinancing is one of the primary factors in a BRRR.

My offer price often is significantly lower than they have anticipated.  

What are the value add drivers and the anticipated returns of each?

The first thing I learned is how much harder and at the same time, easier this was than I anticipated.

Very dark inside I will add natural lighting upstairs with sky tunnels.I will offer lower after 153 days on the market the price is still high and pay like 20% down to operate on breakeven basis.I do not anticipate homes of this vintage or neighborhood homes to appreciate much.

I anticipate that if I sold, I could probably get on the low side $500K and on the upside maybe $550K/$600K.

This would be a turn key on this end- an established property management team and is already in place, it’s recently renovated (no/very minimal repair costs anticipated) and all but 2 or 3 units are already tenanted for the next year.

@Jay Hinrichs It took us a lot longer than anticipated.

Down the road, another $20-25K to turn the garage into an efficiency unit.I went through the steps, and AIRBNB seemed to recommend starting the 3BR unit off around $70/night and anticipated about a 60% occupancy rate.Okay, so there's the basics.

We had the inspections and it came back as needing a lot more work than I anticipated, for instance water lines were PVC pipes, not copper because the handyman didn’t want to spend the money on the copper piping.