We expect to make 3-4X our invested capital.

If you own a business that you have no understanding of, how in the world do you expect to not lose? 

So... as a good fool, I end up signing for the 3 days course expecting to have good lessons.I then went to the seminar that I left after 2 days of consistent brain washing.

I wouldn't want to be doing a new BTR deal right now and ReFi at a 7-8% rate, unless of course it penciled.When subbing out to other contractors, you can expect to pay 20-40% more than it would cost you to manage/do the work, so make sure you bake that into your model as well.

@Joy McQuearyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

But it's going to take a while, which I was expecting anyway.

This is an early 1900’s property, so was expecting issues (which there were many before the foundation issues).

I've heard there can be challenges with inspections and paperwork delays, so I want to get a better sense of what to expect and how to navigate those potential hurdles.

I just received the appraisal back and the house appraised for much higher than even I expected ($407k).

Even if it’s only $25 (Minimum 1-2%) it’s expected.