BRRRR can work on Detroit Land Bank/Land Trust houses, but only if you treat them like heavy rehabs with strict compliance: read every program stipulation, confirm deed restrictions and rehab timelines, and underwrite all‑in cost with big‑ticket items first (roof, sewer, foundation, electrical, HVAC) plus contingencies and holding time; many lenders won’t finance until work is complete, so plan cash, private, or bridge funds and expect permit oversight and inspections.

ya thats a favorite trick of many of these types of companies hey will we pay you back or refund your fee you paid for our program in exchange for an NDA and public retraction.. we see that on BP often mainly with trianing courses were the trainee demands a refund based on their cancellation rights or their opinion the program sold was not what was represented.. next thing you see is that person post a glowing post about the person they just complained about.. so you know they did that either to get a refund or signed an NDA in a way I cant blame them as folks do whatever they need to do to get their money back and If they went into debt to pay for training like many do .. there are substantial financial ramifications for them and getting paid back gets them out of jail so to speak

What programs do you have in place to keep residents happy?

Quote from @John Clark: The kicker is whether the "socialist" tax replaces private expenditure or stops private arbitrage of the expensed program.

A few lenders I’ve talked to have started offering full rehab coverage for experienced investors.Has anyone here tried those programs recently?

This criteria is for 1-4 and 5-8 unit programs.

Quote from @Drew Phebus: Looking for a all around financial real estate program.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

It made a lot of sense and I wish I could go back in time to buy more multifamily with the program!

You'll notice the correlation of rate movements, namely 2020 vs 2023: The second big factor is MBS market actions, as in what buying interest/programs are happening, or lack there of.