Oh hey I'm not the expert on this - not at all.  

Don't forget BRRRR investing is really expert level & requires a great team, deep local knowledge, experience, etc. 

I recommend learning as much about your local market as possible by reaching out to experts in your area. 

Most experts advise putting the funds in a separate account, use them for payroll and nothing else until depleted, then apply for forgiveness.They only way I could see this working is if you already had a documented track record of buying/renovating several properties per year.

(it says you're in Austin, but $84k sounds like an impossibly low purchase price for Austin...though, I'm not an expert on that market).What grade was the property before your reno, and what grade is it now? 

Hi everyone, new member here and I'd like the opinion from the experts. 

. :-)  I can be their local expert.  

Pick a neighborhood or two in Tampa, that you can become an expert in.

In fact, you can combine this with an SEO expert, and for relatively few dollars create a powerful and profitable “persona” whereby you have potential listing leads contact you.  

Based on my contractor estimates, I'm roughly looking at around $6.5k The property is already rent ready, save for a couple minor things (new man door on the garage, snake some drains, etc).I own a handful of properties but am not an expert when it comes to giving information, but here are the numbers I'm working with:Purchase Price: $55,000Cash In: $12,000 (15% down payment + minor rent ready repairs + misc.)Rent: $800-900/monthExpenses: $538/month (PITI + $120 set aside for maintenance, vacancies, etc.)Net Cash Flow: $262-$362/mo. (26-36% CoC Return)The cons that I'm hung up on are (1) that the home is certainly not being purchased at 75% ARV or anything like that, but then again the house itself save for the two items I mentioned are in great condition; (2) comps in this particular neighborhood are nearly impossible to place... a few years ago these houses sold for $4,000-7,000 each, but the real estate boom has certainly brought some change.