Hi,I would find it very helpful to figure out what ARV I would need in order to cash out a BRRRR.Is this the correct calculation or am I missing something (assuming refi at 80% of ARV):NEEDED ARV = (purchase price + rehab costs) X 1.25Is that the correct calculation to figure out if I would get my down payment (included in the purchase price) and my rehab costs back?

You should confirm that deposit has not been applied to any late payments or missed rents.

Here's what I'm thinking:Pros:Long term tenant with built in rent increasesLow CapExHigher expected resale value with neighborhood upgradesLow-Cost rental that cash flowsCan potentially pick up multiple properties within same condominium from same seller Cons:High HOA-to-Property cost ($180 on $100K)Not a SFH which is easier to force value through flippingDon't own the land, just the unit(What am I missing???)

Another thing to think through is all the other ways to build wealth you miss when you rent.

Detractors have said that it's pointless because the $10K in question is still charging you the same amount of interest regardless of whether it's on your mortgage or your HELOC, but that's missing the point and ignoring the benefits of how it works in the real world.

Are there any super delicious places to eat that have animal-less options that we absolutely can't miss out on?

@Ross Mcarthur what features are they missing?

I believe I am analyzing the properties well, but I am just concerned that I might be missing something.Thank you to all who take the time to reply.Regards,Kevin

Would love to join the next get together... somehow I missed the first one! 

What am I missing and why aren’t more people doing this with nice properties?