Purchase price: $100,000 Cash invested: $1,000 Sale price: $115,000 My partner and I found this property on Zillow listed much higher than the value.

Or are you ok with looking at the replacement property, and if it's higher value and appears to likely have more value in both 1245 and 1250 property, do you figure there is reasonable basis to assume there isn't any recapture? 

Higher end firms do that for liability purposes and to help eliminate construction conflicts because trades do not talk to each other.

A few other things to consider:Escrow holdback: Your agent's suggestion for a $3k escrow holdback is a good start, but I’d recommend considering a higher holdback if you’re concerned about damage or delays.

Now, that said, if you can add a bedroom within the existing floor plan or a basement bathroom those are usually very good for higher ARV, rents and refi.

Most initial responses are people with inflated prices (higher than market value).

The properties you bought under 3% interest rates from 2020-2022 suddenly didn’t make sense at the new, higher rates.

Rates can be a bit higher in the 8-9% range.

With all that being said, you can still pay a 30 year mortgage off in 15 years, not be tied behind a higher payment, and still keep your debt to income ratio fluid.

You can use that income to reduce your DTI and be able to qualify for a higher mortgage, if necessary.