Humidity levels in basement is high at 64%A/C was 40 years of age, not functionalSigns of Ice damming on the garage sheathingFurnace is 19 years of age, unit didnot fire when turned on at the thermostatThe incoming 3-wire electrical systems is considered out of dateNo GFCI outlets anywhere (including in Garage)Walkway has cracking and settlementGarage floor, concrete has typical cracking and settlementBasement floor, has signs of cracking and settlementKnob and tube wiring in the home is considered obsolete and may pose an increased fire hazard.

If you buy two similar homes on one block and flip one (to get the highest sale price) and BRRRR the other, you just did your own work giving yourself the best appraised property which will help you complete your BRRRR at the highest level.

It exposes your level of maturity as an adult.

A few questions...1) Obviously, theres a few more details that go into this scenario...BUT, at surface level, are there any foreseeable issues that I'm not thinking about?

You focus on criteria items such as population growth, unemployment levels, employers, construction growth, median income, etc.Some sources include :IRRCBREMarcus & MillichapUHUAL Migration ReportsBestplaces.netCity-data.comBiggerpockets Insights - as a Pro member.Here is a post I Wrote in January 2021 https://www.biggerpockets.com/....

Next, and this is a shared ethos of many at similar/same level and activity, I have a personal belief and conviction of KARMA, I posses the knowledge and skills where I can be of assistance and with that feel a responsibility to use that, to give, that if I don't it's breach of some cosmic-contract with life which has entrusted me with all I have received and earned.

Let me know if you want more stats or current inventory levels.

I'm located in Los Angeles but invest in the Midwest (Memphis, TN and Covington, KY), currently own one SFR, one duplex and one triplex, all on conventional mortgages and all with self-funded down payments.I'd like my next deal to be an entry-level BRRRR, am currently reading David Greene's BRRRR book, but find myself in every chapter coming up with mental roadblocks regarding the process, many of which are due to the fact that I'd be doing this from a distance.

@Ehlen Baylon ok, so we can start at the big level of this.  

We updated the carpets upstairs 4 yrs ago & recently upgraded main level floors to luxury vinyl plank, new kitchen cabinets & counters.