Usually in my experience that tends to come back higher, aligning with the comps, after the actual renovation was done. 

When are you planning to do the renovations and rent out the other unit?

This home can use 200k of renovations. 

Can I still deduct all renovation costs from the profit in regards to paying taxes on the profit. 

If you purchase a newer property that has been recently and properly renovated, you may consider using a lower percentage.The biggest impact on your cash flow will come from the property’s location.

We see a good mix of flips and BRRRRs here - lots of deals where you can leverage your construction background like value-add opportunities through renovation.

Units 1-7 are rented out at $725 on 12-month leases (although I have not gotten the expiration dates on those yet), and Units 8-9 are not completed but are slightly larger townhomes than can be renovated and rented out for more along the lines of $850-900.

Hey, we purchased a fixer upper as our primary in 2017 & have renovated it ever since. 

Again, if you plan on retiring on this income, that is a risk you need to consider.Lastly, as another posted noted, you can buy cash today, and if there is opportunity to renovate and increase your yields on the property, refi later, once you have the property stabilized.

., new renovation, outdoor space, free parking, in unit laundry, extra storage, utilities included in rent.