You will likely have negative initial cash flow reducing this return, but typically the negative cash flow is short lived. 

For example, the estimated cash flow RTR shows is usually higher than what I calculate.How about the initial investment?

@Abel Curiel, When I first drove by this property in my initial search it caught my eye...out of the 100 or so properties i had on my initial list this is the only one that I had memorized the address of. 

@Richard Herro Jr.It's great that you're taking the initiative to learn and connect with other investors!

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.  

This creates a negative initial position.

Try to see the property yourself if you can (was out of state initially).

My initial investment there started off a bit rocky.

The deadline to file for properties purchased in 2024 is January 31, 2025 for the benefit to roll forward this year..Other Important ConsiderationsThe exemption doesn’t apply to agricultural property, personal residences, or property assessed by the South Carolina Department of Revenue.Even if you missed the initial deadline, you might still qualify for partial benefits in future yearsHow to Apply for the ATI ExemptionApplying for the ATI exemption is a straightforward process, but it’s essential to act quickly and provide the necessary documentation.

You could do the BRRR method and the sneaky rental method (live in a house initially, then rent it out after, while light rehabbing.)