Hi there,I'm trying to determine the best way to live in and eventually acquire a property as an inheritance while maximizing cost-effectiveness.

My last few BRRRRs I ended up with negative equity, even though after a full gut rehab, still worth it in a market full of old houses. 

One needs to have outstanding local market knowledge to underwrite effectively. 

By focusing on cost-effective improvements, investors can significantly enhance property value.By first Identifying which renovations offer the highest ROI—typically kitchens, bathrooms, and curb appeal. 

Always meet in person:  This will give you a good idea of the person, if they're smoking a cigarette while talking to you, or being very negative about their previous landlord make sure you make note of that.4.)

Decimating HUD by terminating half the employees there like he says he's going to do will also have a big negative effect on the real estate market.

The seller said this is in a gentrified area so there's potential to rehab this effectively and get a high payout as shown in the last comp.

Breaking news: events in and out of our control will affect real estate both positively and negatively.

A grand negative cash flow is not the issue.

If you have ever learned something important by trial and error, then you can probably understand the frustration that you feel when you make a "rookie mistake" or a simple error that creates a big negative result.