Getting a base 8-15% return instead of 2-3% before actual “profit” puts you way ahead of the cash buyer. 

That actually is a benefit, as no one is expected to water the yard.  

But I would urge planners to consider that the Sec 263 regs they rely upon for the justification for not expensing remodeling costs is actually an exclusion section which prohibits deductions under pspecified circumstances that being that the amount was: "paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate."

Actually, during COVID (January 2021), mortgage interest rates dropped to historically low levels, reaching 2.65%.Wondering how long will I have to wait for rates to dip below 3% again?

Can stay in the same budget and use the excess to invest or trade up.

This will be my second time its listed and so far I've gotten quite a few people interested in applying and only 2 that actually have so far.

Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing). 

That showing was yesterday  Would love if you give feedback on actual listing.

Actually started this venture about 3 years ago. 

Lesson learned, check your numbers more thoroughly ahead of time and actually do your research.