If you do need to extend have a timeframe to give the seller so you're communicating clearly.

Outlining your SOW with timeframes right out of the gate is imperative or deadlines will be missed yet contractors still want to be paid yesterday!

Using good project management, you can manage the cost of the project as you go by adjusting the scope of work, negotiating better deals, or extending the time frame.

Understand the relationship between cheap, inexpensive properties in crappy neighborhoods that are so attractive to new investors because of their affordability and the poor quality of tenants that such properties bring who can damage your property and stop paying rent turning your paper profits into losses.

Where do you guys go to get it good and inexpensive painters?

What is your time frame for moving to the area?

I am planning to do refi in April/May time frame this year, hoping to get Appraisal for up to 150k with 80% LTV making it a break even deal and also considering the rental estimates(1600/month). 

I always wondering , how NNN leaseholder or burgerking can survive in expensive location ?

Evictions are simple, clean and relatively inexpensive.

I then took the cash and purchased 5 single family homes within a 12-month time frame.