This is how you might be able to BRRR...Projected rental income: $172,800 ($200x12X12 + $144,000)- Expenses (if they were to remain at $72k) = $72,000NOI = $100,800Let's assume it appraises at a 6 cap, the ARV would be $1,680,000.Max LTV on new loan is 70% = $1,176,000 (assuming DSCR is in line)$1,176,000 - $700,000 (orig loan amt) = $476,000 but then subtract the rehab + loan fees for both loans.If you can fine tune the numbers with actuals and with some input from a property manager (as there are many variables here), we can clean this up but this is conceptually how I would look at it.Hope this helps!

For example your nightly rates, leveraging cleaning fees as secondary cash flow, overall guest experience, quality/quantity of photos, and property condition.

It’s immensely helpful to have the deep knowledge of a market when you’re looking for your first deal.

You could look for a duplex with solid rental history and a good owner who cleans the gutters, does annual mx on the HVAC, and loves his property.

@Naoko Potts alot of times you can pop off the p trap under the sink and give it a cleaning.

So if you borrow money against your home right now, you're going to pull the cash out of it, and then the market's going to fall and the value of the home is going to drop during the down cycle because we're looking at it heading into a deep recession.

Nice clean, but not over the top.Good Luck!

She also is threatening court .Left carpets dirty ,lease says they are to be cleaned before move out,many holes over90 in walls mostly pinholes but some nail holes are big, mold in bathroom an blinds very dirty an 1 valance  broke, byfold floor support broke too an door left off .

If the property is priced favorably and is clean/updated, people tend to stay longer.

Hello BP Community,I wanted to ask everyone how they conduct market research, what you're processes are, and how you go about filtering all 50 states, to exclude states from your research and how you choose states(cities) or areas of interest to take a deep dive in.Ex.