The most important step to avoid a catastrophe is to create a detailed contract with your contractor.

Here are some details: 1) The condo is in Kona Hawaii and the three of us all live in Colorado2) According to Zillow it is worth just over a million.

Tons of double sided tape used which results in a fair amount of extra effort to restore (most cases paint comes right off the wall requiring patching sanding etc, some cases Good-off was effective.

The other 2 lots I created ended up being on the other side of the street so it didn't really effect how my estate was laid out and $400k is a nice lil chunk of extra change to have when you're doing a big build.

My dude, this was the most fantastically detailed response!

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details. 

Would need more details on the deal, but this is something people could help out on.

Small details like a handrail on stairs or window locks can cause your unit to fail an inspection, delaying the start of rent payments.

However, I definitely recommend pictures any time a guest left damage or extra cleaning that will result in additional charges.