Hi @Jefferey Eutsay,This deal has potential, but there are a few critical blind spots and questions to address before making an informed decision:Cash Flow: What’s the current and projected NOI (Net Operating Income)?

Do you have recommendations on how to find lenders who are willing to work with first-time investors on rehab projects?

I’d love to hear more about the project and your experience with selling new construction.

You have a “full” package including property(s) identified, acquisitions under contract, appraisals performed by MAI appraisers, historical financial statements, pro forma projections, surveys, title reports, feasibility studies3.

Hi @Leon Jamison,I can recommend my contractor. my project was $420K, 7months, funded through 203K. we went slightly over schedule (10months),mainly due to a few failed/ repeat inspections, but we were able ton finish under budget.TBH, Im actually doing a second multi family reno project in the heights, New York Ave with the same contractor beginning March 2025.Anyways, you're bound to have issues when working with any contractor.

I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

Thank you  Using a LOC on your primary residence can work well for flips if the terms are favorable and you’re confident in managing projects efficiently.

I love house-hacking for Tampa Bay for a few main reasons: 1) great long-term outlook on appreciation; fundamentally strong market and growth projections, 2) diverse opportunities of house-hacks from luxury house hacks, cheap house hacks, room by room, STR, MTR, etc. 

New roof, exterior painting, new flooring, bathroom updates, finished new living space What was the outcome?

Also the value (in this case) is determined by the NOI, so assuming it will be worth 2x, is assuming your NOI is thru the roof (which is can be, but it's not likely in the first 5 years).