@Dan Simpson what a detailed post :)Before you move ahead on this deal, you need to calculate if the renovations you want to do still leave room for you to make money when you sell.

@John Leavelle Thanks for taking the time to write such a detailed reply. 

Account Closed as others have stated there is a ton of detail missing in your original post, but generally speaking the price you paid at $270/sqft is very cheap here in the Bay Area. 

As @Derek Dombeck said, there are different structures to know and be educated on, but even the details to those are flexible to what makes sense for all parties.

https://www.realtor.com/realestateandhomes-detail/1211-Pierce-St_Lynchburg_VA_24501_M58393-70084

Jacob, Thanks for your detailed explanation, it does appear I was basically using the COCR.

BRRRR Strategy Total Investment $252,500.00 ARV $300,000.00 Cash-out Refi Loan (75% ARV) $225,000.00 Cashout Refi Down Payment $27,500.00 Cash on Cash Return as Rental 9.47% Forced Appreciation Gain $47,500.00 5 Year Appreciation (4%) $64,995.87  If you have questions on the financials or would like more detail, please leave a comment below.

Find someone that will go walk prospective properties and send you videos.

They are out there in nearly every market.Thank you for this detailed explanation.

The BP app seems really bad..too many things to go into detail.....I avoid it and have to log in each time with chrome...I have better experience  from.laptop than phone..Is it on my end?