The reasons to have employees do recreational investing on their own time became clear when Scoutpads went under, leaving about 160 people who’d found real estate investments via the platform, including the dozens of Meta employees, with an estimated $50 million in losses.

My estimate is we roughly added <3,000 homes in the same time (average monthly permits x 12).  

If your rent exceeds 1% which seems to be the case here, 50% rule is conservative but it provides a quick estimate.  

Based on your refi loan amount, estimated taxes, and insurance I'm showing a PITI payment of 845.83 per month.

You did not ask for an estimate up front?

An estimated full renovation of the apartments would cost around $150,000. 

The one estimate I managed to get before the company decided they didn’t want my project was $120,000 for two so $60,000 apiece.

@Ahmed Aboelela When I’m unsure on the cost of something I call around to different vendors and ask for estimates on pricing.

view=qvI then used rentometer and Zillow to try and get an estimate of the rent I could receive for the property.

For reference, the BP Flipping/Estimating books come with better spreadsheets that are closer to what I use...