I know a lot of people refer others to those CF sites as places to go, but investors should understand the entire costs of the deal and if 7%+ is their fee it’s going to be very difficult to leave a lot of meat on the bone for both sides

Entrepreneurial Profit - A bare bones, dollar for dollar, return on investment in a commercial rehab can be estimated by applying a standard 15% to 20% "entrepreneurial profit" to the cost basis of the deal ((purchase price + CapEx) * 1.15) Note, cost basis is generally just the purchase price plus the total budget, but it can be good to include the total cost of capital as well.

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you mentioned an interest in buy and hold, I added a couple links below on this niche for your review, while waiting for local connections and feedback on the Kansas City area. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

For me, it is the famous quote by Eric Thomas that has sent chills throughout my bones ever since I heard it for the first time during my junior year of high school.

I go for great deals and if you show him that he will say well you have more than enough meat on the bone or seller may start to find holes in your underwriting and then you are proving him more right in the sellers opinion.

Do they leave enough meat on the bone to make it worthwhile?

Do they leave enough meat on the bone to make it worthwhile?

As soon as we realized it had good bones and you could not beat the location we made an offer 3 or so hrs. later for 135K, about 13K under asking.

I do very well with my properties and if there was any meat on the bone to turn my properties as STRs that meat would be going to me, not to someone who wants to "manage" my property.

Nearly any point in Del Valle, Austin's Colony, Hornsby Bend is going to be closer, with similar choices, and a less traffic-ey route to ABIA. 78744 is not the first place TESLA associated buyers are going to look. all this to say... maybe that leaves some meat on the bone for those of us who like '44.