300k purchase + 10-15k closing + 80k remodel + 5k for refinance costs. 80k remodel number I got from my father who is a general contractor in the area. 500k ARV x .80% refi (because it would be my primary residence) = 400k minus 15k closing, 80k remodel, 5k refi cost = 300k my original purchase price.

@Victoria Hogan you're panicking because you don't have enough data to understand what's going on!

Originally posted by @Aaron Logan:Originally posted by @April Molina:@Aaron Logan did you pull the plug on TULUM?

Here are the playersMe - OwnerOG Developer - Original Developer that improved property before I purchasedNew Developer - New Developer currently building a new subdivisionWater District - Own the vacant land that my sewer line runs acrossCity - Well, The cityTimeline:2007 - OG developer purchases large 1 acre lot with an existing house with the intent to subdivide and create a small PUD.2008 - Improvements are made (new street, sewerlines, storm, power, water) are brought into the subdivision. 

For your due diligence, you can also ask to see the tenant's original application and screening reports. 

Loan Origination Fee 7. 

I’d really value your input on this project and any recommendations you might have.Thanks,Maddy The original poster asked."

I've also asked for the current tenant's original application.

Originally posted by @Bridger L Logan:Has anyone else had good experiences with a larger house (5/3, 5/2) that has been rented by the room in the Phoenix area or other hot real estate market areas?

My property was originally purchased as my 1st home, so if I would live in the area myself, then I would recommend it to over investors.