An approach you might want to take, is to break down each component of the rehab into its own price per sqft/linear foot/units for both materials and for labor.for example you might find that flooring costs and average of $3.50/sqft labor to install + $3.00/sqft for materials X square feet = cost to refloor+ always add an extra 10% for unforseensSo you would just need to do this for every part of the rehab based on what needs to be done and what level of finish you are going for.keep in mind that some things are measured by sqft, like floor, and others are measured by linear foot, like trim, and some are measured by total area, like drywall and paint, and yet others are measured per each like tubs and toilets.A good place to start with figuring costs is The Book On Estimating Rehab Costs by J.

On wholesaling that is just transactional real estate with income that is taxed at the highest level and to be successful at it one needs partners or access to pretty decent amount of start up money to afford the marketing it takes to get your leads.

If this guy is an attorney he should be smart enough to know that top level apartments get hot in the summer.

High high level - LLC will typically be an option for DSCR Loans (or bank other types of financing), while conventional will require you to borrow in an individual capacity, but there are pros and cons of each.BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?

I have two local contacts for you Bell-Harding (HBI) is a local high level CPA specializing in Foreign investors and these scenarios.Another would be Daniel Boyd a local cost-seg specialist 407-451-8996Best of luck

Customer service doesn't even begin to describe this chain of events; this is guided missile level sales follow up and over the top attention to detail and customer attraction.

Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437

Anyway, I spend a lot of time in the STR forum and I didn't take either of you to be pissing on the post, especially since Jay, John and Michael are all major contributors to this forum and are pretty level headed overall.  

We scrape rental data, underwrite the entire market all at once, assign a renovation level, and rank them on their cash flow potential.

Quote from @Erik Browning: Pro's: It's great to have BP as a trustworthy partner to give clients a level of trust that they will be taken care of.