This leaves friends/relatives wanting to help you out (emotional based investing) or people unsophisticated and naive (likely disciples of a currently heavily promoted guru).When I, or any other investors (with significant capital) I know of invest, either equity or debt), we only consider deals where (1) the “sponsor”, or borrower have a significant investment of their own capital, unless they’ve owned the property many years.  

@Steven CatudalFor such a small amount you could try to open trade accounts and commercial revolving accounts for your material expenses. 

You will be discovered and held liable.Re: the tile floor, you should be paying $2 - $6 per SF for the material and about $4 SF for the install, so your numbers are in line.

Managing the rehab budget, need to get better at it as inflation continue to rise and labor and materials continue to increase

I also have friends that won't pay anything other than materials until the job is done.

Hello @Reagan Barron - Is he charging for materials only or is he also charging for labor? 

I'm really not trying to sell anything with what I'm about to share here, but knowing that I wanted to invest out of state I turned to David Greene's materials on Long Distance Real Estate Investing.

I capture different formulas for buy/hold, rehabs, loan costs, material costs.I made one excel workbook with several different sheets.

I am planning to excavate my project site at 1893 N US Highway 1, Fort Pierce, Florida, and I require approximately 45,000 cubic yards of fill material.

Any such repairs made by Landlord will be billed at market rates plus the cost of any materials.