Typically the vertical sewer stack in the house is cast iron and can be replaced with PVC.

I would recommend speaking with a local architect and local civil engineer.

BRRRR still works when the buy is meaningfully below replacement cost and the value is created through operational improvements, not just market appreciation.

Not short-sighted at all—your thinking is actually very logical, especially early on.I’m an agent and investor as well, and one thing I’ve seen repeatedly is that cash-flow-first properties can be a great engine for growth if the cash flow is durable and the market fundamentals are solid.

Good point about the reverse-engineering and permit records - something I've recently discovered myself as well!

AI doesn't replace judgment — it amplifies it.My AI tools didn't "discover" the IHA crisis autonomously.

The exchanges I see fail most often (but admittedly, there are very few we see fail) do so because the client isn't already focused on the location, sector, or both for their replacement.

We are still in the midst of doing our due diligence to reverse engineer what our offer could be considering first what we can rent out the place for and working backwards from there.

We spent $43,844.86 on CapEx, repairs, and improvements, which included replacing a drain field, re-piping two properties, putting in two new HVAC systems, some landscaping upgrades, replacing a washer and fridge, and doing a light interior renovation with floors, baseboards, paint, and appliances.

So...I'm considering replacing all bedroom furnishings.