Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

I would go to the house with my air compressor, hook it up, and see where the leak is.

We hired a General Contractor for an exterior back wall stabilization.

I started hiring people and was purchasing properties left and right.

Not having enough reserves is hurting a lot of operators right now.You can always implement Ratio Billing for the utilities and bill back.Be careful with unit sizes, and if there is central air or PTAC systems when getting market rental comps.Looks like you've got an opportunityGino

We hired staff that managed and ran it with us overseeing operations with a weekly Zoom call.

Closing and fixing a house def takes up more then the remaining 1/2 a job even as I do hire out as much to contractors. 

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Hiring a maintenance company who doesn't have that relationship with the resident may or may not work.

Relax in the air conditioning after a day at the beach.