I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.

I’d really value your input on this project and any recommendations you might have.Thanks,Maddy The original poster asked."

This message was written by a BOSS.Could you tell me more about projected timelines?

Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

These focus less on personal income and more on your business cash flow or the projected rental income of the property.If you have a rehab project, you may want to start with a hard money loan and refinance into DSCR once you are done with the rehab. 

If the property fails to meet our criteria, we're out of that money and must move on to the next project.

But I don't know how a legal dispute with the bank would pan out and would avoid that if at all possible to just approach them politely and have them void it.  

I'd like to see the templates others are using to accurately project Cash on Cash and Cash Flow. 

Sounds like you have taken on a big project for your first one, but that's how we learn.

Research sold properties to see if the #s would make sense given your projected down payment amount.