Quote from @Andy S.:  For example any water leak, of the contractor charges me $250, out of that $60 tenant pays.As everyone else has mentioned, charging a fee is stupid. 

Quote from @Ricardo S.: Great posts.I’ll add a few: Not underwriting post renovation property taxes for BRRR’s.

Quote from @Peter S.: I have the same issue.

@Jeff S. 

In addition, the David Karesh scandal of the 1990's put a bad stain on the city's reputation even though the cult was based 30 minutes outside of Waco in the countryside.

Not sure what you are super excited about @Brandon S.

I have a lot of investors who BRRRR and they typically stay in the outskirts of Austin - there are certain pockets that have great BRRRR #'s like Kyle & Manor. 

Since a it's multi-unit, I'd probably only furnishing one unit and LTR the other(s) like others are saying.

In one instance I was told that the seller was expecting 92 to 94% of UPB, which was in that scenario equivalent to a 85% LTV, and I thought this was too high for the amount of risk and unknown involved.I would love to be buying these around 50 to 60% LTV but don t know if that s realistic currently?

Hey @David S Roberts , welcome!