The Opportunity
A home with legacy tenants — then a fire
We acquired Denali, a 3-bed / 2-bath home in Reno, NV, with legacy tenants already in place.
Three weeks after closing, a tenant-caused fire tore through the property and destroyed much of it — turning a straightforward rental into a full rebuild.
What We Did
Rebuilt to near-new — for a fraction of the cost
Acquired the property with legacy tenants in place
Managed the insurance claim after the tenant-caused fire
Rehabbed the home to near-new condition throughout
Net rehab cost of roughly $30K after the insurance payout
Repositioned the property as a long-term rental
Took over day-to-day management in-house
The Result
From fire damage to a $375K asset
What could have been a total loss became one of our strongest turnarounds — near-new condition, minimal net cost, and a fully rebuilt home.
$206K
Acquisition
$30K
Net rehab cost (after insurance)
$375K
Current value
Have a property that needs a turnaround?
Denali went from a fire loss to a fully rebuilt asset. If you own a property that needs work — or you want to invest alongside deals like this — let's talk.