What are the best metrics for evaluating BRRRs?

[Andrew Keila]

Hello BP Forums,

What are the best metrics when evaluating a potential BRRR?

Background, I bought my first rental in December 2021.  It was basically turn key (very small touch ups). 

I am interested in trying a BRRR but wondering best metrics?

Also, what are key areas to update for the most value? (Kitchens, bathrooms? etc)

Thank you in advance!