The lender will be looking for close to that amount.This is not a sub to deal at all.

Then on the opposite side, what could you sell it for and how much cash would you get at closing? 

I mean at that point why not just use a HELOC to finance closing costs?

I'm noticing there are some really nice cash flow markets in texas, some of which are really close to the Mexican border, though.

Quote from @John Teachout: Title work is typically done as part of the pre-closing paperwork.

Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.

Typically this takes 6–9 months, including 2–3 months for permitting and 4–6 months for construction.You can browse their current plans online, with design costs ranging from a few hundred to close to $2,000: ADU Fast Track Plans2.

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We also double close so that we can guarantee you with a free and clear title.

Your closing statement should have the purchase price and you add any capitalized costs.