Unless you are adverse to insurance or its concept, you still want coverage in case the building burns down during reno because of say an electrical fire while the electrical was being upgraded. 

Personally, I would never do it, but I can see it working on a not hating it end (I think the money end will work fine either way if you can stand it) with a more upgraded concept.

Monthly pre-tax income for household 5.)

I’m literally just not familiar with the concept beyond the basics and wanted to ask y’all if there was a way to use it to my benefit somehow. 

@Mike Reynolds...its probably not just these employees who will buy here...market is pricing in infiltration from NA...NA homes are just unbuyable for many so they have to go somewhere, plus this part of Austin might be a great spot for rental property investment owners who can afford 350K and happily place a 50K Tesla tenant :)and btw you need to consider household income for home buying....so a household income of 75-100K can easily afford 350K homes as well

It allowed me to start a business while being the sole income earner for my household of 4 because I didn’t have to make a huge living.

I am active duty and my wife is a vet. I have used my VA loan already and my wife has not. Does anyone know if she can use it when we buy our next house and get the first time VA loan rate or will they default that I ...

OK good thinking.. sometimes BRRR is far more work than what its worth compared to simply buying an existing home put your 20% down and get better rates ONE set of closings costs etc.. but if you have some really good value increase then yes i get that people been doing this for decades upon decades its nothing new or a new concept that people on BP seem to think  Hey it was just invented and a term coined. 

Hi all,My long term tenant has asked what I thought about adding a dog to the household. 

Get them into a conversation about ROI and Cap rates, just to make sure they understand some basic concepts.