These are non-performing mortgages and the homes are vacant and in preforeclosure.This doesn’t fit my typical passive, turnkey investment model, but I am considering taking on a local property as a “fun” project.

This strategy aligns well with long-term hold and appreciation models.6.

Alternative rent models (STR, MTR, rent by room, etc.) do not necessarily do better and are more work.  

Today you can get funding for a good deal without an issue, so the business model is kind of obsolete.I used to buy BRRRR deals, but over the last years, we switched to buying homes that are in move-in ready condition.

These methods include:Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachFor further details on the methodologies, refer here.WHAT ARE THE BEST AND WORST PROPERTIES FOR COST SEGREGATION STUDIES?

He indicated that they have begun to change their business model now and they no longer sell a property until it has been permitted.  

Flipping homes can be an amazing business model but there is definitely a higher chance of you losing money then other avenues so if your afraid of costly mistakes that might not be the best way to start then.

@Scott Suryan we've review REI Nation's processes and met Chris - if we ever did turnkey, we'd model it after their systems!

Now that the unit is finished, it's going to be listed for $2,450/month and the same model on similar lots are appraising for $410k.

Shop around for debt to see what is available and model the various structures to see how the different terms impact performance.The tradeoffs will be fixed vs. floating rate, conventional vs bridge vs CMBS vs bank vs agency.