I’d really value your input on this project and any recommendations you might have.Thanks,Maddy The original poster asked."

I've been using QB for the last 2 years for Project Tracking on my rehab flips. 

Is it good idea to do this project spending about 10k now.

I'd like to see the templates others are using to accurately project Cash on Cash and Cash Flow. 

I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.

Not saying buying OOS is bad but I think bought the wrong properties, should have looked at the actual asset instead of projected numbers on a spreadsheet but I did feel that I did lots of due diligence by talking to local investors.

I ended up not even going STR after digging into her projections and finding out they were not realistic and were just based on city-wide data.

Leveraging the equity from your house hack for future investments, whether in STRs or larger multi-family properties, is a strategic plan, but ensure your initial property performs well before taking on bigger projects like flipping.

After some minor maintenance projects and improvements, have had very few issues and cashflow has been slightly better than expected.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.