BRRRR Dilemma

As I analyze local market trends, I'm left wondering: what's the breaking point for holding costs in a BRRRR investment? When does the potential for long-term cash flow outweigh the upfront rehb expenses? I've seen projects in similar neighborhoods with vastly different outcomes. What are your thoughts on balancing these factors for maximum ROI? Consider the current Lexington market, where property values are rising but so are renovation costs. How do you determine the optimal scope of work to ensure a profitable BRRRR investment?