But, heads up, this may be a commercial loan scenario, align your expectations now so you aren't surprised.

This one isn’t a deal unless there is a solid value-add component.

If you plan long term hold you will have to deal with all the components that make up a home, eventually. 

UOP for the tangible property capitalization rules, the UOP for assets other than buildings generally consists of all the components that are functionally interdependent (i.e., where placing in service of one component is dependent on the placing in service of other component(s)).The UOP for a building generally is the building and its structural components.2) Qualified Improvement property is mostly relevant to nonresidential property.

The after market cost component (warranties, recalls, field repairs, dealer incentives, legal expenses, administration of all that) was significantly more than the labor cost.

And then you have a site like this that allows those access to investors .. and you have beginning investors reaching out for advice and well they need to be cautious I have seen investors invest with some like the Morrisinvest/Oceanpointe were its just off the charts on how goofy it can go and how to lose money the day you make the investment by aligning with a pitch man with Acknowledged limited experience and a ground team that from what others are posting on BP is dysfunctional at best.Lastly property owners and PM's will put a 600 dollar a month tenant through a more rigorous vetting process than 99% of all investors will do to someone they are going to invest 100's of thousands with..

A big component of the BRRRR strategy is that there is typically a value add opportunity so that you can refi your money out of the deal and be left with a 75-80% loan to value ratio or less.

Tons of buildings have asbestos flooring/siding, and other components.

Probably have your attorney check them out for alignment with state regulations/code.Good luck!

Let's not discount others opinions or REI path because it doesn't align with our own.