He started with me just after retirement and I recommend you look for a handyman who is retired because they are typically less expensive and as my guy likes to say, every day is a Saturday and that means they can get repairs done quickly.

Hard Money typically funds 90% of the purchase price and 100% of the rehab on a draw schedule.

A typical rehab is going to be 3-4 months, with a month to list/rent.

Could you advise where investors typically secure financing for similar land purchases?

Home sales typically decrease during the winter months.

Structuring private lending as passive income can be tricky since the IRS typically classifies interest income as portfolio income rather than passive.

Your deal looks solid and falls within the typical range for Cleveland.

Fridge filter is like a lightbulb it is a consumable that they can get or not get, makes the water better or I suppose the fridge smell less but it is not essential.   

Hello @Kyle Luman,In the first few years, tax deductions like depreciation typically offset cash flow, depending on the rate of rent growth.I also want to comment on your statement: “Buy in appreciating areas.

If you work with the same lender that may speed up the process but expect a typical 30+ day closing.