However, many times this is the most costly option. 3rd party or private submetering companies can help you out too and many times these will be more cost effective.

And most folks want to "roll in" this cost into the loan.

Where I am, I am under no obligation to do those things.

In our market in Columbus, the economics are as follows:Land: $30,000-$60,000Construction cost with profit hard cost per square foot $190-$195Exit Value that you'd want per door is $200k+ or $260 per sq ft or higher.

If you’re worried about guest perception, you can always roll some of the cost into the nightly rate instead.

Forming an LLC for your rental property can offer liability protection, but no real tax benefit.

At no time was I informed that what I was doing was going to cost money.

You get the best of both worlds in that way: No seasoning to pull cash out AND the conventional rate/costs and no pre-payment penalty which are all better then DSCR loans.

Interested in learning more about the Sacramento market, feel free to DM me.Purchase Price: $882,250Rehab: $260,000Holding Costs: $60,000Appraised: $1,300,000Gross Rents: $6,800

If the partner was only a capital partner and had no involvement with the build would a 50:50 split be worthwhile for the capital partner?