Your buddy hired a pretender, so they got a bad quote.A quality PM has a deep bench of honest, proven contractors.

As services are reduced, this leads to increased crime rates and lower-quality schools, which in turn causes more people to leave.What are the requirements for a city to attract new employers?

Here is what you get when you hire a GC, someone who wants to call subs and add 2 - 3k on top and then never show up at the house, never manage the quality of work from the Subs, do not manage their time. 

If you can sketch out your ideas, it might help you visualize everything better.Good luck with everything!

@Bryan Fleming I use FreedomSkips.com same high quality data as Batch, NeedtoSkip, and SkipGenie without the high prices.

I will lever it lightly with assumable debt, or not at all, and keep this conservatism going until cap rates are ~100bps above interest rates on property of reasonable quality and nearby where I live and operate my business.If that happens next year, I’ll cash out refi to a moderate debt level and buy!

They do build a solid and quality product.

For example, adding a bathroom can increase your home's value by 10-20%, depending on the quality and type of bathroom.

Your risk here is- tenant quality: who is guaranteeing each lease?  

This is all really great feedback, Sounds like its all about the right deal and quality team.