In just the last 5 days BTC has ranged in value from a high of $94,380.26 too a low of $81,157.32. 

Expect to put down a high downpayment for financing through banks, probably in the 30-50% range down.Good luck!

If you’re starting to look at markets, I’d definitely recommend checking out Columbus, Ohio—it’s one of the strongest rental markets in the country right now with population and job growth, major companies like Intel, Amazon, Google, and Honda moving in, and you can still find affordable properties in the $120–180K range that hit the 1% rule and cash flow from day one.

It's all part of the long-range strategy.

No obvious structural issues from the listing, but the age suggests surprises are likely.Rehab Budget: • Low estimate = $50K (light updates) • More realistic = $75K (new kitchens/baths, flooring, paint, code updates) • High end = $100K+ if major systems need replacingRents (CMA comps): • 1BRs: ~$1,400–$1,750 each (https://prnt.sc/RMm854WPuPdk) • Stabilized Gross Rent: ~$4,200–$5,250/mo (~$50K–$63K/yr)Cap Rate: ~9% if rehab stays in the $50K–$75K range, falls closer to 7–8% if it pushes past $125KConstraints:FHA 203k requires me to live in one unit for 12 months, so only 2 units would generate rent in Year 1.With 2 units rented, cash flow looks negative (~–$600 to –$900/mo).With all 3 units rented after Year 1, cash flow flips positive (+$600–$800/mo) and grows with rent increases.My Question:For anyone who’s done a 203k or similar triplex rehab — does ~$75K sound realistic for getting this building into clean, rentable condition (floors, paint, kitchens, baths, basic systems)?

This is their primary residence and the value increased quite a bit since 2017 to where conservative value of the home today is in the $625K to $650K value range.

It’s also a challenge how wide the range can be on bids too, especially when you know the work doesn’t justify the numbers.

In Kissimmee, that's already happened.  9br homes in Champions Gate were $900k+ a couple of years ago, now available in the $600k range or a little bit more with theming already done.With prices dropping a lot, the returns relative to gross revenue are starting to look attractive. 

Some specific examples include careless installation of vinyl flooring in our kitchen, resulting in irreparable damage; leaving an exposed nail in remodeled kitchen cabinetry that scratched our new range; installation of bathroom sinks with improper plumbing connections; and multiple instances of failure to remove cigarette butts, food trash, and construction waste from our property.

Your point about the markup range makes a lot of sense too.I like how you framed the “asset manager” idea.