There's so much you could do with a property like that!

Otherwise, you have to tear it all down and build a new home to current codes and elevations. 

Was worth it big time for me.

We specialize in working with REO, real estate agents & brokers, institutional & private investors, and homeowners, offering solutions that meet the unique needs of each project.At Nuovo, our core values are at the heart of everything we do:Vulnerability: We maintain open lines of communication, ensuring transparency throughout every project.Integrity: We approach every task with honesty and a commitment to doing the right thing.Innovation: We constantly seek new ways to improve processes and outcomes.Adaptability: We embrace change and are always ready to adjust to meet client needs.We believe in creating a fun, open, and trusting environment, both within our team and in our client relationships.

Purchase price: $95,000 Cash invested: $175,000 I worked this deal for 10 months until finally got it.

This was a perfect set up as it had a walk out basement/separate unit with 2 beds/1 bath and a kitchenette.

Idk any investors doing BRRRR deals using conventional loans right now.

Quote from @Jackie Liu: I think you're doing a great job! 

Would do excellent as STR or MTR and get you closer to Cashflow while still getting high appreciation.

Congratulations on the first rental and all the knowledge you have gained from it to set you up for the next property.