BRRR is the strategy to grow our portfolio, ideally we can increase the number of cash flow streams and cash on hand to rinse and repeat.  

I bought it all cash, and below you'll see the details:List Price: $60,000Purchase Price: $51,500Wholesale fee: $4,000Closing costs: $1,083Gross Rent/Month: $300Lease term: 10 yearsCoC Return: 6.4%Again, not the most attractive numbers, but the tradeoff is that the property management company will deal with tenants and maintenance, and I'll have constant flow of cash for the next 10 years.

There WILL be other deals.Your knowledge/experience WILL increase with time.There's no reason why your Flipping101education NEEDS to be expensive.ie.

Secondly, you will almost always get more bang (read: bigger rent increase) when you upgrade amenities (say new cabinets or flooring) between tenants.That said, in my books there are exceptions for long-term tenants.  

I shouldn't have said that it increases the cap by 1%, but just using that as an example to show how big of a difference it makes.This will double my # of units, so just want to make sure my numbers are tight.

Counties reassess property with significantly higher values annually, and local governments assume that they are entitled to a corresponding increase in spending.

Additionally, with the City adopting the IBC 2015 and inspectors becoming increasingly difficult to work with, we've labor costs go up and soft cost on the design & engineering side go up as well.   

I am glad I was able to find that great price on the architectural shingles and my guys were able get it done quickly, I think it looks 100 times better than the 3 tab shingles and will increase the value even more. 

Over the past 5 years, we've renewed, updated, and remodeled the building to attract better quality tenants (we have 5 residential units upstairs and another commercial unit).

This should increase my cashflow overtime.