Current rents are at $900 each unit =1800 once we refinance to a mortgage the mortgage will be from 2400-2500 total.

Quote from @Paul Lucenti: We just closed on our 9th deal and first of 2025 - sales price was $115,000 and total monthly cost is $890. 

Additionally, it can help maximize renovations and improvements.36.4% of the total depreciable basis was classified as 5-year class life.

Federally, this tax is about 17%, with state rates varying from 4.5% in Kentucky to as high as 14% in California.For perspective, a property owner in California making a $100,000 profit on a home sale would pay over $17,000 in federal taxes and $14,000 in state taxes, totaling $31,000.

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

The information contained in this post is not to be relied upon.

You are definitely taking all the risk when buying from these sellers, especially if you only rely on the inflated ARV's etc that they provide. 

For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

It's simple enough to make a row for income, and another for expenses, and then subdivide those expenses, and add them up in the total expenses cell and then subtract the gross income from those total expenses to get my net.

Keep in mind the PPSF is the total value, which is land and structure.