Costing them thousands and making them lose out on homes.

But for large multi-family, that amount hardly covers your legal fees for one transaction, let alone down payment, due diligence costs, lender fees, other closing costs, etc.

Another costly item for them to evict us.

What is anticipated legal costs?

Also, what are some other low cost amenities that I can add to my STR that will yield a higher ROI?

Interested in learning more about the Sacramento market, feel free to DM me.Purchase Price: $882,250Rehab: $260,000Holding Costs: $60,000Appraised: $1,300,000Gross Rents: $6,800 Have 1.2 into the project and it only appraised at 1.3??

Google Operation Chokepoint for just ONE example of what banking regulators do with their massive power.

Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

Quote from @Jonathan Greene: Quote from @JD Martin: Quote from @Jonathan Greene: And let me just say that the true power of these forums is the people.