My mind wandered steadily through the properties I had been analyzing the day prior...none of them good deals...not a chance...there are no good deals in this market...or was there maybe that one with the blue roof...nah...that one didn’t have a high enough ARV...but wait that other one in the nicer neighborhood...nope...that one didn’t have a high enough rent to justify...what about that Triplex that has been siting on the market a couple of months...WAIT, that Triplex has been sitting on the market a couple of months!

Certainly those numbers can change as you get into a project and find unexpected issues, but it's a good place to start and should help you develop per sq ft pricing for flooring, paint, roofing, etc - all the most common components of a renovation. 

We would then sell our current residence to move in.Among other issues, the roof leaked for years during the previous owners occupancy and while it sat vacant for the last two years.

If you find one that generates equity, definitly go for it, but the issue I found is that you can only make this work if you deferr needed repairs (like squeezing another 3 years out of a roof) - we do everything up front and that means higher rehab cost.

Example:  Our recent BRRRR included new LVP, new cabinets, new roof and new appliances. 

I start with demo, foundation and plumbing, then roof and electrical work if needed, paint, kitchen, bathrooms, floors, baseboards, light fixtures, etc.

But now that prices are so high, interest rates are high, insurance premiums have shot through the roof, etc. many investors are wondering how to make this work.

The vast majority of investors do not grow massive portfolios, so keeping it at a handful of roofs is pretty typical and just fine.

Ideally you would find a company that has everything under one roof.

New A/C, 5 year old roof, no differed maintenance.