A house that was purchased for $8k in that kind of area, I would look really hard at the fundamentals - electric system, plumbing, framing, insulation, foundation, roof, mechanical systems - and pay less attention to fancy kitchens or bathrooms. 3.

Not just for the appliances, but to also the additional plumbing to each unit.

I feel like a cashier's check or a money order would be a highly safer and more documented method of paying for a deal.

The BRRRR is just a method to acquire properties with less money for us as real estate investors.I hope all of that makes sense but feel free to ask anything additional if you need.

We have some other subs who we hire for plumbing, framing, finish carpentry, and drywall when we need additional help.

Finished square footage and upgraded finishes/Appliances/plumbing/landscaping.

Emotional ties don’t want it sold but beside that there’s much potential 5bd 4.5bth that needs much work (roof, plumbing) It’s definitely a project.Or leave that dream and agree to sell and use the $$$ to enter the game another way.

These reasons make me think that you need to be at the forefront of someone's mind by doing direct mailing, contacting agents, lenders contractors, (whomever) frequently and reminding people of your specific buying criteria and other such strategies as a method for landing deals with less competition.

How old is the plumbing? 

So this method absolutely works well when done with intention.