Don't just focus on the after-repair value (ARV) - that's pure speculation until the project is actually completed and sold.🛑 Unrealistic ROIBeware of deals promising excessively high returns without proper collateral or penalties.

For example, in NJ we are basically pure ad valorem system, w/o homestead. 

Although the lending conditions have changed, so finding pure BRRR deals is getting tougher.

My post that you're referencing is purely addressing the math side of the equation, but everybody needs to make their own decision because each situation is very personal.

It was just pure luck.

Are you looking to do a house hack or is purely an investment vehicle? 

The problem is, a lot of these folks are going into Detroit purely for the cash flow.

If you run out of money because you're drinking appletinis on some beach instead of working in your prime years, you can always get a job at 60 or 70 - I see plenty of people that age greeting Wal-mart shoppers and gathering shopping carts in the parking lot :) 

Plus garage, and fully renovatedMy question is should I be looking at this purely based on cost/sq ft, or should I give a percentage value to the property it sits on, then assign a percentage value to the structure itself to figure out the fair market value?

We are also providing drinks and food after to celebrate the holidays.