Looking for someone who's done a lot of section 8 BRRRR deals to share some insight. 

I wondered if we could rehab it and change it's appeal into a desirable space.

Your basis in the home is not going to change so when you sell you're still going to recapture depreciation and pay capital gains unless you 1031 or you don't have any gains.2.

Right now, I sit on about $60k reserves and operating expenses (I have other reserves for other business/life) and if that $60k dips down I let it fill back up, and as it starts creeping up I add to my "next purchase fund"- Yes, cash flow is lower and harder to find right now heading into 2024...but it's still out there.

A good degree is one that brings  balance into your life so there is that too.

So, I suggest before you buy something else you need to figure that out.Life is short for "senior investors" like us, so live your best life and buy wherever it makes you happy. 

It isn't reasonable to force the applicant to pay twice because you decided to change your application screening process. 

Overall it looks like you captured the key data, I would include a row with % for each expense to calculate off of so you can see what your assumptions are easily or change them.

Hello everyone,My name is Melissa Clyatt, and I am pleased to join this forum as an investor and property manager.I am excited to connect with fellow professionals in the industry, share insights, and explore potential collaborations.

What has changed since you bought it that's driving this question?