Anything a carpenter can do is comparativley cheap to the above.It can be done if it is a great house in a high value location, but frankly probably more eonomical to tear down and build new.

I would highly recommend doing something like this.

I'd highly recommend local meetups and talking to real estate agents.There are companies that offer help with the execution of rentals and BRRRRs, but this typically comes with a large chunk of upfront fees or cut in equity.

To find places with high rental demand, good economic circumstances, and room to develop, conduct in-depth market research.Examine your alternatives for financing, including conventional mortgages, private lenders, FHA, VA, and partnership loans.

All have very high appreciation right now. 

On Bigger pockets we cant self promote ourselves (its against the rules)To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

FULL disclosure this next rental will not profit me much because of the high-interest rates but I want to keep it long term even If i am breaking even per month.

These properties are owned together with Lavatube Capital,a husband-and-wife team touting high-growth low risk returns and Lane Kawaoka, a real estate podcaster.Proudliving is a New Jersey based “owner and manager of real estate” which like other entities mentioned abovetakes funds from accredited retail investors to invest in the multi-family area.

But the difference between that time and now is two things, in 1970s era the interest rate is in the high single digit.

I highly recommend that you tune in to the BiggerPockets Podcast and connect with the local lenders and brokers.