Purchase price: $98,000 Cash invested: $22,000 Sale price: $200,000 This is my first BRRRR and I'm very excited to test this strategy.

Test for reason though.For housing do comps and build yourself your profit buffer.

.- Can you option it and do a perk test (all 4 seasons) and if it's a no go, just move on to find another property.- Can you get a septic tank back there (delivery and access).- Can you get a septic clean out company back there (access and available service).- Is it land locked.Just my 2 cents.

Get those utilities billed back, fill up that empty unit (that would be a good test piece for a light remodel to see what you could get for rents).

And if the property only needs a surface level rehab, a retail buyer is getting it with no profit potential in mind.That comes back to off-market deals, which as noted are possible, but will take a lot of time, testing many approach angles (have you knocked on doors yet?)

I passed the tests first time through, and I'd highly recommend them :) Feel free to connect and ask any questions, I did this only 1/2 a year ago so it's fresh in my mind!

Your applicant(s) fail this test; so especially in Ca I would pass and keep looking.

After that initial test, I looked at the numbers as a pure rental and made sure it covered PITI, other expenses, and of course cash flowed. 

I told him I'd give him a free, six month test drive with us to see how it went.  

Hi Weina, I recently did a direct mail mailout of about 100 hand addressed letters just to test it out.