The initial spreadsheet was just hours old and therefore was a little rough. 

Hi Rene,I have received four quotes so far:First Quote: $90,000 ($273/sq ft) or $100,000 ($303/sq ft) as mentioned in the initial posting.Second Quote: $92,000Third Quote: $158,290 (Including Interior Design)Fourth Quote: $140,000 - $150,000I plan to go with the first quote/contractor, as they've previously done renovations in the house, and I appreciate both their communication and work quality.

The biggest obstacle I'm encountering now is the making up the initial down payment.

My initial goal is to help relieve the housing shortage burden for communities by thinking big and building more affordable housing.  

My initial plan was to do a house hack in whatever market I find appealing.

So it was not just a single design & setup but one initial design & setup plus another small one.

The house has been on the market for over 60 days, so we initially offered $375K.

There are different levels of feasibility you can order but it will be roughly $4k for the initial study and another $2k to dig deeper.

I have spent the past several years studying market trends, analyzing potential investment properties, and building a network of industry experts.I'm specifically looking for a fellow investor located in the New York area who is interested in collaborating on initial buy and flip projects.

In the long run though your risk is high initially in either case until you come to understand your market, your goals and what you are doing.