I am an investor and I am always looking to buy houses to renovate and rent out to build my rental portfolio.

$10,000 more and how long is it going to take you to get even with that renovation? 

BRRR appeals to me, especially in the rust belt, as it seems that if one is willing to put in the work to correctly appraise, renovate and rent the units, there is big money to be made.  

I purchase and renovate my own properties.

We also have two investment properties that have both been renovated and rented.

You would have to add your renovations to the price?  

I like the process and plan to ramp this up with 2-3 more before I retire in a 2-3 years.My Retirement Plan:A typical scenario would be for one of my kids to buy a house (I’d help with the down payment and renovation costs).

In 5 years and multiple gut-renovated 3 and 4 family properties in the same neighborhoods I can tell you that the various costs associated are basically identical property-to-property. 

I also didn't quite follow your numbers, but right off the bat I have a question: is this a renovation loan?

@Shylil SmithWe are in the process now of buying a townhouse (which in this area are just starting the upswing) that has not been renovated at all.