"I recommend double-checking this with the property manager."

Net rent has more than doubled and management has been a breeze.

First, this is not a true double-entry accounting platform and that causes issues that are above my pay grade to explain.

I use Downcast for listening while I do my rehabs and make double time of it. 

A 15 payment is much less than double a 30 because of the discounted rate. 

That doubled my initial thought.

I’m glad that we haven’t skipped a beat on your other investment.Out of hundreds of transactions we do every year, unfortunately sometimes things get overlooked.As the owner of the company, I take full responsibility for any mistakes made.As soon as the error was noticed, we immediately notified you and have been looking to rectify the issue ever since.I can guarantee you that your investment is on our mind as a priority but unfortunately, it falls under the category of “Problematic Deals” on our whiteboard.Our company isn’t perfect although we always strive to do our best and deliver the best to every investor.Whenever we make a mistake, it’s an honest mistake and in the end we always come good on our word.Although we could salvage the property and renovate it competently, I made the decision that we should look for a replacement deal for you and cover your rent until we find another property that is equivalent to the one you purchased.Just yesterday we discussed a few properties that would not only be comparable but even better then the one we are having issues with now.Stay tuned as we will be emailing you shortly.Also, here are my answer below to some of your comments regarding the “con’s” of working with Ohio CashflowOur property management company is definitely overwhelmed as we have doubled business in 2017 and will probably be tripling in 2018.

- You missed utilities in your holding costs- For your first rehab you should plan on a little more than 6 months, just in case- You might want to double check your tax number as taxes in NY can be pretty high- The biggest area where mistakes are made for new investors when it comes to flips and BRRRRs are in the ARV and the rehab cost.

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.

Plan is for year-round STR, conversion of 1/2 the garage to ADU to double heads-in-beds and add flexible living space too.