I started with turnkey to get into REI, but now with a little more experience under my belt, I'm considering selling my turnkeys at a loss and moving on to something with more meat on the bones.Exterior - $225- pressure wash- remove damaged/torn window screens- remove all stickers from all windows- repair hole in soffit to the right of chimneyMain Interior - $825- repair/replace damaged sheetrock- wipe down and clean all walls throughout house- wipe down and clean all doors, trim and baseboards and throughout house- touch up paint on walls- touch up paint on trim and doors- replace missing/broken blinds- replace missing/broken doorknobs- replace missing/broken light switch and outlet covers- replace missing/broken light bulbs- make sure all doors open/shut properly- make sure all windows open/close properly- replace air filter- replace batteries in the smoke detectors- remove all trash from attic- clean and paint all bars and shelves in closets- clean all AC vents and return vents- make sure all drawers and cabinets open and close properly- make sure to clean out all drawers and cabinetsLiving Room - $10- clean and paint fireplace with black high heat paintKitchen - $55- wipe down and clean all cabinets, inside and out- touch up paint on cabinets- paint under sink- tighten loose cabinet hardware- caulk sink, floor, counter- replace broken trim on ends of countertopsLaundry Room - $10- clean and paint inside washer box- clean out dryer ventHalf Bathroom - $25- wipe down and clean all cabinets, inside and out- touch up paint on cabinets- paint under sink- tighten loose cabinet hardware- caulk toilet, sink, tub, floor- tighten door handleMaster Bathroom - $75- paint cabinets inside and out- tighten loose cabinet hardware- caulk toilet, sink, tub, floor- fill in missing grout in showerHall Bathroom - $35- wipe down and clean all cabinets, inside and out- touch up paint on cabinets- paint under sink- tighten loose cabinet hardware- caulk toilet, sink, tub, floorStairs - $20- paint handrail- paint banasterGarage - $25- pressure wash garage floorLocks - $300Yard - $175- cut, edge, weedeat- trim bushes- trim up trees- clean up fencelines- haul off all trash- Remove grass from cracks in concrete- remove all loose limbs and debris- clean out flower bedsFlooring - $275- clean all carpetsCarpet Cleaning Estimate: $275Garage - $100Program two new garage door remotesPest Control - $85- pest control needed: General pest sprayTrash - $350- remove trash at the curbCleaning - $120

One suggestion, when I do large electrical upgrades I will have an electrician to the actual electrical work, but I won't have him repair all the walls and ceilings he has to cut holes in.

On the surface it looks like “affordability relief”. 

Quote from @Elliot Angus: Hey everyone,I’m looking for advice from investors who hit the scaling wall early on.I’m on my third BRRRR and running into a timing issue with capital that I’m sure others here have dealt with.Here’s my situation:All-in on my current BRRRR: $260,000Expected ARV: $325,000A 75% LTV refi will return about $243,000, so I’ll still have around $17,000 tied upI’m not expecting (or looking for) a perfect 100% cash-out.

That is my very surface level opinion on the matter. 

On the surface, a couple hundred dollars of cash flow does not look impressive, especially compared to parking money in a high-yield savings account or the S&P 500.

Mainly, added a wall to officially make it a two bedroom, added two hardwood doors on the bedroom, a closet door, propane stand-alone heat stove (all it had for heat before was a mini-split which is still there), and added some new paint.

You also have to know your market - as it was mentioned above, theming is a non-issue in most places but it should make sense for the setting, or people going to the mountains don't expect to see seashells on the walls. 

They did not move the fridge, oven, and every wall needed scrubbing.

If you and your wife are committed to investing in all cash, I recommend Wall Street.