It would be foolish that any syndication would not assume worst case scenario of rents coming in and be able to cover their debt for a fairly long period.

But you might be able to work out some sort of agreement with a tenant to fill that role for a slight rent reduction.

Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly. 

Be sure to be conservative on your projections and stress test the property to see what worst case scenario would look like. 

Because it really should be called Vacancy/Tenant nonPerformance+Damages.In ANY market, if you target the cheapest prices you will get the WORST: Neighborhoods, properties & tenants.Doesn't matter how smart you think you are or how hard you work, you will NOT get Class A performance from Class D!

I want to ensure that I follow any sort of regulations and safety standards but I don't know where to even start or know how to estimate rough costs.

The walls on the second floor show white chalking and also some sort of drip marks.

We don't know yet at this moment if in our market that is even possible, so worst case we could always just sell the home.

Both on the purchase end and in the execution of who is going to handle your properties.There are a lot of PMs that take on hard to manage C and D and do well with it because they know they are going to be able to charge all sorts of fees to corral these types of tenants. 

What sort of terms would the USDA contract contain?