REO renovation/ rental calculations

[Austin Nieves]

Hi BP!

I am joining a team that renovates and rents REO properties. I have tried gathering information on best strategies and practices but I am having issues. How much do the numbers change when it comes to renovating and renting a normal distressed property over an REO property? If it does change, what are the best practices, calculations/ number, and strategies to follow and ensure all debts are paid and the property properly cashflows?

Any and all advice is much appreciated!