You also benefit from warranties that can reduce initial maintenance costs.

Looking at 4-5 months from initial offer to listing and I have a GC handling all the work, so my time has been just driving to check status/give input/drop off payment.

We will see these more frequently on variable rate debt with near term maturity datesOf course this will put the initial investors behind the new debt on the capital stack but it’s really just adding more buckets to shovel water out of a sinking boat.

A little over 400% ROI in 3 years (looking at initial investment only).

I would contact your original lender initially, as well as to contact a local mortgage broker.

The police department just posted on Nextdoor app that crime is down 29% in that area because of initiatives that they have implemented so now they will be implementing the same things in Capitol Heights. 

Immediate Cash Flow: As mentioned above, cost segregation accelerates the depreciation of your property in initial years following the study which increases the amount of available cash for the investor.

So my initial HELOC I used (about 60k total used from my HELOC between the two rentals) to buy my first two rentals turned into 8 houses that cash flow me $6200/month after all my expenses now.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

I know that asking for general figures to use for estimates is difficult, but I was hoping that there was some general guidance to use when doing a quick, initial pass, knowing that it could vary when really getting into the details and project.