By December they were broke up and she wanted off the lease.

Then charge market rent based on equivalent properties.Then compare the normal higher end finishes you have used and what equivalent properties are getting for rent.Then you can make a decision to where to reel in the rehab or go for broke.

I remember a month or two after again the forth home I was drop down broke.

Yes, they can be high reward...but only if you make it to the finish line without going to court or going broke first.You mit consider also getting separate financing outside of the contractor.  

I'm a mom of 4 (two boys: almost 19 and almost 17, two girls: both turned 12 and 10 in March).

Thank you@Jay Hinrichs Your daughter is a very smart, savvy girl, I know you must be proud.

He didn't need me to explain what a lease option was.Seller #3: Bought his first home with his girlfriend but found out she was cheating on him and broke up with her before moving in.

Total Cash Invested =  42-45K Since I do not know the terms of the loan, or the RE taxes or insurance costs, I broke it down as follows:1.

Last year, I had 2 months of vacancy (one in June and one in November after the June tenant broke their lease and I didn't charge a lease break fee), and I turned the unit twice. 

They broke sales price minus all costs and the net I would receive on one half of one page in an email within 24 hours of my request.