This type of project is happening a lot in DC, so I am hoping someone has recently done this an can let us know how much it cost.

Roofs, siding and a large deck needing repairs on the bigger rental.

When were the roof and HVAC last replaced?

It is in a 350k neighborhood, we are closing to wrapping up the rehab project (finger crossed).

I’ve also detailed how I do BRRRR projects in KC if you look though my old posts.

See below for pro-forma returns300,000 12 lots average sales price of 25,000-175,000 payoff of principle125,000 after principle payoff-10,000 Less expenses115,000 Balance of net proceeds57,500 net proceeds (lot sales)split 50/5017,500 175,000 @10% for 12 months75,000 projected Investor proceedsThis is an estimated cash on cash return is 43% Where would you begin in evaluating this deal?

Start with small projects.

Fix the roof and replace carpet (but we don't have cash reserves to pay for it). 

So, construction costs will be manageable, and we can oversee the project.

In Los Angeles, $385K won't even get you a 1 bedroom condo with a caved-in roof and negative cash-flow.It was bad enough 2 years ago, but now with the Rams moving back and the new stadium under construction, things have gotten bat guano insane.