I really commend you on getting started and executing your plan even when the project turned to be something larger than you anticipated.

Thanks for your anticipated reply.

Hey Brandon, Some would require some reserves, or at least to show cash to close on any new deal.Are you anticipating opening up a HELOC on your primary to get the cash needed to close? 

Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.

If you anticipate further recoveries, you may need to adjust your claim accordingly.This post does not create a CPA-Client relationship.

.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.

I'm looking at monthly cost to seller vs. anticipated rental income, purchase price relevant to the ARV of the area and interest rate, balloon, etc.

I anticipate serious cap ex expenditures coming his way. 

Based on my analysis, the ARV looks to be in the $720-740K range, and after running the numbers, I anticipate a profit of about $40K including all the junk fees and agent fees.A couple of things I’d love your input on:Do you think it’s worth getting another quote from a different GC?

Taking longer than anticipated to complete the renovation due to unforseen technical challenges Lessons learned?