Keep in mind you need to account for soft-expenses as well such as Vacancy/Turnover, Maintenance/Repair, and Capital Expenses.

With both land trusts, we were denied bank accounts at almost every bank we tried, Seacoast Bank being the only one who'd touch it. 

Account ClosedI think you helped me confirm buying @35K + 40K would get me to less that 70%LTV @120KARV.Im suspecting 4-6 month turn because funding.on a 580 per month note the project would be about 46k-50k all in. 

Didnt account for this in my due dilligence when purchasing.

The single entry system is why I didn't use Stessa for accounting purposes.

I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.

I listed my property for rent in Zillow for a few days until it disabled my account.

Can you put some reserves into a "lock box" type account that is your money but locked at escrow for up to a period of time.  

A cash flow study should be performed to ensure that the refinance does not drastically reduce the property's return.Good luck!

We have consulted with our accountant and got all the scoop on what needs to be done.