Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.

Is this a low number for both vacancy and repairs? 

By implementing these practices, I've been able to maintain a high occupancy rate, minimize vacancies, and build positive relationships with my tenants.

One up north by my rental- sign always says "no vacancy". 

First Issue, three vacancies.

You have to also factor in your vacancies and turn around costs to re-rent.  

Only way I can increase the rent that much (and catch up to market value) is when I have a vacancy. 

.- Rental Opportunities: With a rental vacancy rate of 6.0%, there's a reasonable balance between supply and demand in the rental market.

Either is up to you, just plan on when you'd want to raise it to balance other vacancies since it sounds like you'll have at least 1 with the non renewal

The taxes, insurance, legal, upkeep, vacancies will drive you nuts if a few hundred dollars ruins your day. ;-) When foreclosures are common, (which they are not right now), I send out two thousand letters a week.