I co-own a microbrewery and the buildout involved removing everything (including concrete floors) and installing all new floors, plumbing, electrical, hvac, etc.

Each property without any loans on it will CF at $10k/yr...with loans $5k/yrOption #1 - Buy all cashCost of each property to REI = $100k# of properties bought = 1Total PV = $100kAccumulated CF = $10k/yearOption #2 - Buy 20% DP and leverage the restCost of each property to REI = $200k# of properties bought = 5Total PV = $500kAccumulated CF = $25k/yearBuy new property for each Option using same method of payment (100% cash or 20%) when CF equals DP needed for each Option.Option #1 - Buy all cashYr      Cash Avail  Spent      New P    #P    New CF    TCF    Cash Left1         $100k         $100k         1          1      $10k       $10k         010       $100k         $10k           1          2      $10k       $20k         0Option #2 - Buy all cashYr     Cash Avail  Spent     New P     #P    New CF     TCF     Cash Left1         $100k        $100k       5           5        $25k      $25k         $25k2         $25k          $20k        1           6        $5k        $30k         $5k3         $35k          $20k        1           7        $5k        $35k         $15k4         $50k          $40k        2           9        $10k      $45k         $10k5         $55k          $40k        2          11       $10k      $55k          $15k6         $70k          $60k        3          14       $15k      $70k          $10k7         $80k          $80k        4          18       $20k      $90k          $10k8         $100k        $100k      5          23       $25k      $115k         09         $115k        $100k       5         28       $25k      $140k         $15k10       $155k        $140k       7          35      $35k      $175k         $15k

I never heard from him on Thursday 9/23 and I got side tracked with work I forgot to check in and when I did ask him yesterday Tuesday 9/28 when they will be over at my house to finish up the work he mentioned they already went last week on Wed 9/22, Thursday 9/23 and Friday 9/24 and finished the work, all they needed to do today was to backfill the holes that were dug to fix plumbing and pour new concrete in plumbing trenches.

I was also interested in the BRRRR method , but was told it’s hard to use that method and use the VA  Loan as leverage.

It's not uncommon to find strong older homes that have been remodeled in the past twenty or thirty years and have updated electrical, plumbing and windows.

Here's an example, pardon the formatting as just copied and pasted ours.Home Address*Occupant Names*EmailCell Phone*Home PhoneWork PhonePreferred Contact Method*Preferred Contact MethodPortalEmailCellHomeWorkHow much is your rent?

SEO is hands down the best method for lead generation no argument.

No matter which depreciation method you choose, you will need to allocate part of the sale price to the tub, using its fair market value at the time of sale, as correctly suggested by @Christopher Smith.

I made an addition in my 1906 house, change floor plan, new electrical and plumbing, finishing still in process, adding value to the house.

Multi-family will be a complete gut, new plumbing, etc.