Cash invested: $40,000 Sale price: $205,000 Strategic Market Pivot: From Long-Term Rental to High-Yield Fix and FlipThis property was strategically transitioned from a single-family long-term rental (LTR) into a fix-and-flip project after analyzing market trends and identifying a pivot that would yield better long-term returns.

So this really depends on what is the underlying collateral.. is it C D class props that are going to be beat up and tough to sell ??

Don't feel bad, this happens a lot.Facing 80% vacancy and tenant issues can be tough, especially on a first deal.

I'm having a hard time finding any estimating tools for this kind of a project, adding a story and multiple BR/1 BA, and wondered if there were any tools, sites or recommendations any of you have for this kind of a project. 

It is estimated that in 2020 alone $48 Billion was invested in new projects in over 3800 different census tracts.

John - Would love to hear more about your NC project as we have a good presence out there as well (1-Mars Hill, 1-Burnsville, 4-Hendersonville). 

I think it would be tough and I would not spread yourself out that thin.

If you're wanting to use a GC instead of running the project yourself, then I'd ask a couple in the area what their mark-up is, and calculate using those numbers. 

As a wholesaler, a seller approached me with a 48 unit apartment complex, 7 duplexes and a 2500 sqft Single family that he wants to sell (all of which occupy the same block.) Half of which are vacant and the other hal...

The Project cost better be the project cost and the ARV better be the ARV.