You’d be banking more on loan paydown and value growth than on monthly profit.Here’s how I’d look at it:If you flip: You lock in that equity spread ($230K ARV – $160K purchase = ~$70K), minus costs and taxes, but you get your money back quick and move on.If you BRRRR: You’d probably refinance out most of your capital, end up with minimal cash flow, and take on landlord risk — but you’d still own an appreciating asset.For BRRRR to really make sense, I like to see at least $300–$400/month net after all expenses — or a strong reason to hold long-term (like location upside, rezoning potential, or tax benefits).Given your experience flipping, this one feels a little tight for a BRRRR unless you’re trying to build a rental portfolio right now.

Track patterns, not one-offs .Maintenance triageLife-safety and habitability = immediate.Nuisance items batched into one visit to save trip fees; set boundaries for light bulbs, loose handles, squeaky doors .HVAC filters and tune-ups on cadence with photo proof; replace only when failure or at turn unless risk dictates .Turn standardScope template: paint touch-up, flooring repair, caulk, deep clean, locks rekey, curb appeal.Do big upgrades at vacancy, not with tenants in place, unless safety or leakage forces it .PM accountabilityExpectations doc: response times, approval limits, photo receipts, monthly owner update.Calendar check-ins: delinquency on the 6th, vacancy every Friday, turns twice weekly until listed .Biggest time sinks and how to cut themBack-and-forth on minor work orders: batch and set thresholds; teach PM what’s urgent vs optional .Chasing updates: standardize touchpoints and require proof-in-photos for work done .Overpricing vacancies: use ranges, listen to PM’s on-the-ground read, and choose speed over squeezing the last bit on your first units .Quick wins when inquiries slowPhoto order: lead with the best exterior at golden hour, then kitchen, bath, best room.Price bracket tweak: drop to just under a common search filter and add a move-in credit line in the first sentence.First 5 photos tell the whole story: light, clean, and your three sell points up front.Your next movePick one property.

Congrats on locking up your first deal!

Choose durable, easy‑clean finishes, lock in utility caps, and set a tight screening and deposit policy.

Hi @Anthony Bailey Good thinking ahead on REP, most people try to “retrofit” it at tax time and it’s too late.A couple key points:Placed-in-service year vs. cost seg yearThe property being placed in service in 2025 doesn’t lock you into doing the cost segregation in 2025.

Keep it simple: lock a tight scope, fixed-price contract, realistic contingency, and comps-supported rents; avoid undercapitalizing draws.

You’d lock in predictable income, no turnovers, and less management stress.

I would either take out the receptacles or control them with a switch behind a locked door, such as a storage closet or in the basement. 

Hidden repairs could eat returns.All-in Monthly Burden – You’re locked into $1,600/mo payments + expenses, which already exceeds current rents.

As a result, while the US market is stuck in the lock-in effect, the Canadian market is kinda booming so it makes more sense for Americans to consider Canada nowadays, except for the fact that Canada has on average one of the if not the most unaffordable real estate in the world.Hope this helps.