This does a few things: how much of a loan I can seek how much cash I really need up frontIt would more accurately reflect any appreciation (though I'm planning on being a buy and hold investor, and equity is less critical than positive cashflow, IMHO)Example:Turnkey(TK): Asking price: $35000,  with tenant $650/mo.TK: $300 setup costZestimate:  $18500Closing Cost: $1000In BP's Rental Property Calc I then would put that the rehab cost would be $16800  (16500 premium + $300 setup)the value after $18500So,  what have I missed? 

You can get a lot of good advice on BP and from other investors, but I would view it with a critical eye to validate it.  

I doubt boarding it up and leaving it there would qualify.3) Without knowing any of the numbers, or the market you're in beyond the war-zone comment I'd say personally I don't want to be in war-zones, so I'd take the money and move on to the next project.In our flipping business, velocity of capital critical.

But what I’m looking for is CONTRASTIVE CRITICISM, so if you got it please reply!

I’ve read that my location is one of the worst areas to invest in real estate so I really have to think critically in how I am going to plan this.

Ask any questions, offer any criticism, give me and other readers any advice.

Restack my portfolio every 2 years, house hack where lending is critical (aka low on cash for down payment).

I‘m Open to all constructive criticism and advice as this is my first property.

I would only look into a place that is hooked up to city sewer and water. the one I had in Oregon the drainfield expired IE came to the end of its natural life and I had to not only replace but have a 100% failure area which I had to then finagle with a neighbor had I not been able to do that I would have had to close the park.. 250k is what that cost..Now in the mid west and deep south were these parks are dime a dozen its not that critical like west coast we have some pretty strict DEQ type regs out this way.. but regardless that was a one and done for me personally.

Also since your investor is a member of the LLC they can be on the checking account and watch the money in real time this is a critical aspect of my companies.. and I don't have to make up reports etc.. they watch the business in real time … compared to if you have multiple investors and they are relying on your in house accounting and they are not on the checking account ( this mainly from the investors side of the table this is were things go sideways for investors.) no real access to the ACTUAL checking account only reports made up by the sponsor..