Hi BP Community,I'm in the process of evaluating a fix-and-flip opportunity for a single-family home (SFH) with the following details:Purchase Price: $1,000,000Renovation Costs: Approximately $400,000Estimated Timeline: 12-14 months from purchase to saleI'm trying to determine what would be considered "good enough" multiples and internal rate of return (IRR) for this type of project.

Is there a company that will cover multiple locations in the Florida market?

We also can't have renters dealing with the humidifiers as it is a mold problem/foundation issue if it isn't taken care of.We are taking pictures and videos of everything, we have multiple professionals that have documented everything (and told us to lawyer up) and have neighbors that we have already had agree to discuss their  drainage problems when we get a lawyer.

The interest rate was 12% and I still had to come to the table with some money and renovation cost was most likely going to go over (confirmed by talking with multiple contractors) and ARV wasn't high enough. 

They don’t have a multiple bid system.

These prices may not have accurately reflected the property's true market value, leading to a slower sales process and ultimately necessitating a price adjustment.Why the Shift in Terminology?

This is ideal for investors with multiple properties or self-employed individuals, as it allows them to qualify based on the cash flow of the asset rather than personal tax returns or W-2s.2.

Anecdotally, one investor in our network has had to cut price multiple times on two of their currently listed flips in Tampa given the amount of properties on the market.

With $50k you could buy a cash flowing duplex in multiple Ohio markets.

No matter what you do, you cannot replace the value of boots on the ground so the next best thing(in our experience) is spend some time down there, interview some potential handymen etc. and forge a relationship, we have multiple that we have connected with in person and when you make a personal connection with them they will take care of your property better, especially in an emergency situation.