I started at $500 over LTR rates and bumped it up $50 in between each tenant until I felt like I hit the ceiling. 

Current Construction Co. and Resolute RDM have acquired this development project in Lebanon, MO.

We’d like to continue with this project remotely, but the idea of managing contractors and overseeing a renovation from afar feels a bit daunting.Have any of you undertaken a similar project?

Long story short, it has been over a year and the project remained incomplete and he walked away with the money.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

They will look at the ENTIRE cost of the project and calculate what they can offer you in loan amount.

Your project manager should know plenty of guys- delegate this to them3.

Lots of investors simply want to go "bold" on all of their projects by using sharp color contrasts, busy tiles that catch your attention, and modern lighting that looks like it belongs in a hotel.

Purchase price: $395,000 Cash invested: $100,000 Sale price: $570,000 Such a fun project!

At that point my project manager (and partner) started pushing him.