Wanted to also echo that the arcade guys is a garbage project.

You have a “full” package including property(s) identified, acquisitions under contract, appraisals performed by MAI appraisers, historical financial statements, pro forma projections, surveys, title reports, feasibility studies3.

It includes detailed neighborhood breakdowns, market projections, and actionable steps to help you get started.If you’re interested in learning more, you can download it for free here:freedomventurespm.com/bhamultimateguide

Do you have an excel spreadsheet with actual numbers and projections?

Do you have recommendations on how to find lenders who are willing to work with first-time investors on rehab projects?

Loan administration can have a huge impact on how much cash is required to advance projects.

Thank you  Using a LOC on your primary residence can work well for flips if the terms are favorable and you’re confident in managing projects efficiently.

I suspect it was a part of their process to change the electric utility as close to the projected move out date, but the tenant never moved out.

Related, you will want a contractor who is used to doing projects like this on schedule and on budget.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc.