At the time there were limited 3 BR rentals in the neighborhood, but achieved such high rental rates the properties ended up performing better as rentals than as a for sale project.

So whatever your projections are, what are your actions?

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.

We are putting a project on the market. 

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

You’re spot on about both FHA 203k and Fannie Mae HomeStyle loans being great tools for renovation projects.

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. 

I have partners that can help fund this project.

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