How bad is too bad for BRRRR?

[Timothy Willis]

Just curious of what others people's property conditions are when choosing a property for BRRRRing. Are there some properties that are just too bad? What would be something that you would say noway to?

thanks for any insights! 

[Kenneth Garrett]

I think that is pretty subjective.  I’ve done projects where I’ve had to gut the building.  It all depends on the numbers.  If at the end the numbers make sense then go ahead.  Even foundation issues don’t scare me, but it does scare other people.  Of course, the less work something takes, it generally will cost more.