I think carpet will probably be the cheapest.A typical detail in a modern apartment will often have flooring, underlayment, 2" of lightweight concrete, the subfloor, insulation in the farming, then hat channel suspended by cable with two layers of 1/2" drywall with green glue in between.You aren't going to do that.

I've since bought David Greene's books on long distance investing and BRRRR, and look forward to reading them.

That said, although I am currently living in Boston, I am looking to invest elsewhere in the near future - either by moving out west (I have been toying with the idea of moving to Denver or Salt Lake City for the past couple of years), or by leveraging my new found confidence in investing remotely thanks to David Greene and his book.I have become passionate about real estate and personal finance and I am serious about making this a lifestyle.

Hey Alexander, Like yourself I am new to the game, however, if you haven't yet I would suggest reading David Greene's book, Long Distance Real Estate Investing.

Non-QM lenders are asset based while Conventional lenders are credit based.Non-QM lenders focused solely on the following criteria when green lighting your deal:1-The ability of the property to cash-flow in terms of covering its underlining debt; or its ability ti appraise with ARV that covers the debt if you are flipping. 2-The credit of the borrower (660 or higher, preferably above 700)3- Your liquidity (do you have 3-6 months of liquid assets) after you close on the property.

There's the financial side that says that if you're going to reinvest in real estate anyway any net savings over the cost of the exchange is worth it.But you gotta factor in your time and energy and any extra effort you perceive as well. 

By Kari Klaus, Founder of RealtySage.comIf you’ve upgraded your home in the past 10 years then you’ve probably added smart technology like NEST thermostats, or why you chose Alexa powered lights and Ring doorbells and likely some energy efficient or water saving features.

@Lori Greene contact podcasters and ask to be on their show.

I guess it all depends on how much time your day job requires and what the opportunity cost is if you focus your time and energy on REI.For many high-income earners, that opportunity cost is so great that they truly want passive investments and partner up with experienced sponsors rather than becoming operators themselves. 

I strongly suggest BP episodes #327 BRRRR investing with David Greene.