Quote from @Sofia De Santos Tavarez: Hello, my husband and I are looking to do our first rehab in a different city than where we live (we live in Austin and looking to buy in El Paso), and are wondering how one determines and writes a scope of work and determine what material to buy for what.

If you determine that the numbers look good, make sure to check other sites to see if the comparable property is on multiple sites that may add to the numbers.  

My other SFR notes have interest rates determined by the borrower's cash, credit score and income - so market rates or higher.I understand the difference in performing vs non-performing notes and that performing can become non-performing pretty easily. 

Your depreciable basis is determined by your purchase price and expenses, not the seller’s loan balance.

I have heard that it is common practice that private money lenders collect a monthly fee thru various methods, I'm trying to determine what those methods are.   

It’s mentally tasking, which is my biggest battle now.

What you should do is determine what story the house is already telling with its design and add onto it from there.

@Aaron Zimmerman Good point about structure set up and determining cost bases.

The homes that you used to determine your ARV are a good reference point. 

The unobstructed water views for both front STR units can be challenging to determine additional value compared to other 3-unit properties without views.