Thompson, i actually invested in the ATM myself and did a tons of research before i invested in it comfortably.Three key take-aways from my independent research:1.

@Umesh Maharaj and @Wayne Sharum   I actually took the JBB course back in 2020. 

I'm also thinking of turning a room downstairs into a bedroom with a simple wall.The TH is actually across from UCSD, not SDSU.  

Need to be sure you include the "unknown budget" and never take the optimistic approach as it is better to have money left at the end than writing more and more checks that were unplanned for.Again, if you can walk through an actual property and compare notes with someone that does it in your area (key factor), you will be way ahead of what a generic book can give you.

I expect a free estimate from a contrator who possibly would be doing the actual work. 

And I actually think I have as much fun finding the deals and seeing the transformation of the houses we do as I do collecting the rent checks, that it would be really hard to give that up. 2) How many of those do you have paid off, if any?

I was hoping that the tenant would reach out wanting to negotiate, since I only really want him out and don't think I'll actually get money from him. 

There are many who preach this program but the reality is if you run the actual numbers I would argue that is NOT the case.

But in terms of the upfront fee, this is actually common in a commercial loan.

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.