I figure the worst case scenario, I don't sell anything but I gain a very significant amount of experience and knowledge about real estate (I would be surprised if this happen though as I do have a lot of sales experidence).

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

The vertical cost (construction cost) is consisted of material + labor + contingencies (surprises) + overhead + profit.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I used 1800Account for my business and was happy with them but they are a bit pricey in the long run but, I found their online system very convenient. 

Thus, don’t be surprised if your rehab estimate is 15% x $800k = $120k.Agent sales commission at 4% of ARV = $32kAssuming you put 20% down, a 6-month HML at 11% plus 2 points will cost $36k.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

@Joey Gedgaud we take over a lot of properties where owner complains previous PMC:1) Poor communication, taking many days, sometimes weeks, to get a response.2) Maintenance work being done without notice or approval request.3) Surprises for extra fees, services not covered , etc. because the management contract was "simple & short" instead of thorough.

I initially rented the home $150 less than similar homes at the time because the tenant was a "known" person and they could not pay more (at the time the tenant had a lower paying job than today), plus it was convenient for me to have someone mover right away.

You would be surprised how many times this will change their mind.