First wipe it with a paper towel and bleach and NOTHING comes off.

(soft costs)$15 sale price - $1 soft costs - $2 rehab cost - $10 purchase price (down payment + loan) = $2 left over--I got the money back that I put into the deal ($2) PLUS I profited an extra $2  

Communication, writing, making presentations, soft skills, project management those are all things that although not directly related to your major are in high demand these days and work to your advantage in almost any environment.

@Greg DickersonThanks. 30%. sounds like a very safe margin.I've heard the term soft costs used by residential developers when separating costs of land, debt service and the hard costs of construction.

Are there any companies who can pre-approve with a soft pull?

Cut fifteen paper towels into single sheets beforehand and get them ready to wipe your finger on as you work.

Thats why due diligence is a big part of development and thats why development is higher risk....because you have a lot of soft costs up front that you could lose.

@Michael Ealy This right here is something to aspire to! Well

It looks like you are forgetting the soft costs in the equation.

When applying for loan for new construction, I have to provide a take off (estimate), with soft cost and hard cost, with a set of plans.