The house was in decent condition but needed some help.

Hello BP fam,This might be a shot in the dark but does anyone have any recommendations for property inspectors in Erie, Pensylvania?

I found a good one at a decent price and was planning to rent it for a few years before moving in.

Also, I'd like him/her have a decent knowledge of short term rentals.Who do you recommend?

@Anna Bee a successful BRRRR has a lot more to do with adding value / boosting the ARV than with the interest rate of the refinance; the interest rate of the refinance is of course relevant but it's not one of the primary factors that is going to make or break the BRRRR.You will likely not be able to BRRRR a condo or townhouse that is in decent shape - there is no way to get the ARV up.Check out Tarl Yarber's videos on BiggerPockets - he invests in BRRRRs in WA.

Roy, I do have a decent network that I work with, if for whatever reason @William Collins is not interested let me know.

Another route would be that I actually do exercise my option and buy the property in the future when I have a decent down payment for the mortgage loan, and keep the property as a LTR.

It's a decent BRRR on the equity side - you're all in for $96.5k and should be able to pull out $92k (80%), but it's not a great option on the cash flow side. 

I'd meet with a plumber and see if there's a straight shot to run plumbing up to your attic.

How can I get my hands on a decent deal with a decent CAP rate?