It all comes down to the cost to purchase + cost to renovate + closing costs : compared to the after repair value (ARV) and how that looks as an investment.

Was there such a surplus of other recently renovated houses in the area that they would just go buy something else?

Is it possible to do it this way using a bank and refinance with them after the renovations are done?

Hey everyone, I would like some advise on how to make my next investment and in what direction I should go please.Our primary residence has doubled in value from our low purchase price and renovations.

@Miguel Bautista With most of my renovations i am dealing with 100 year old houses and they always need windows replaced that are odd sizes and need to be ordered.

The deal made sense, because our analysis of comparable properties plus our experience in the market led us to believe that we could achieve $1,090 rents if we made some light renovations to the units. 

Analyzing this property a few ways: flip, STR, LTR...open to BRRRRThe linked report is to renovate the existing floorplan without the changes to the floorplan.Fast facts:1600 sq ftCurrently a 3Bed/1Bath; 1 bed and bath downstairs, 2 beds and 1 extra community area upstairsOriginally a 3Bed/0Bath; eventually someone added bathroom, laundry room, and mudroom (all downstairs; addition is vinyl-sided exterior)Full reno neededSpecifically interested in feedback on any of these points:Did I miss anything?

If you are trying to buy a place that will require work to be 'move-in ready' then you will need to explore some of the renovation loan options like FHA 203k and Freddie Choicerenovation. 

I bought the property just over a year ago, lived in one unit for the year obligation and renovated two units.

There is a lot of upside potential as the units need renovations.