If you purchase a rent ready RE investment this could be 0%, but at the opposite extreme a good brrrr can produce the now elusive infinite return (I have achieved this on most of my RE investments but believe it is very challenging in the current market to bp not be cash negative after the refi to extract the added value.I expect to make an offer this week.  

If you have cash on hand to fund the rehab and want to extract it soon after the project is done, you can use delayed financing.

I appreciate you being so candid and detailed with your stories allowing us all to extract value from them. 

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

Quote from @V.G Jason:  Extract the long-term value(appreciation) by hanging tight for 8 yrs ++,  mitigate cash flow by keeping more money in the deal and/or altering rental formation. 

Extract as much as you can from Bigger Pockets/their podcast, that's great.

Wild how many fees PM's tack on to extract value from tenants ontop of rent.

However, in this market i find it difficult/impossible to not have negative cash flow after extracting the value add at maximum LTV.  

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

If it's in an area with high appreciation I would try to extract the equity via a HELOC or cash out first.