![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1133443/small_1736728000-avatar-ardianselimi.jpg?twic=v1/output=image&v=2)
8 March 2024 | 31 replies
Is the $775K inclusive of the closing costs, transfer tax, land, architectural drawings, engineering drawings, township approvals, legal fees, holding costs (during construction), realtor fees?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/250647/small_1621436253-avatar-jackb2.jpg?twic=v1/output=image&v=2)
11 March 2024 | 152 replies
But the maintenance is all inclusive.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2965225/small_1709648621-avatar-roberts1573.jpg?twic=v1/output=image&v=2)
6 March 2024 | 9 replies
Plan on 65% LTC, at least one sponsor/borrower that has done a similar project in the past in terms of scope and dollar amount (inclusive of if you add a new partner willing to share in the risk/reward), 10% post-close liquidity (can't use loan proceeds to check this box), net worth equal to or greater than the requested loan amount not including subject property in net worth calculation (adding the other sponsor/borrower can fix this, too).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2916970/small_1704928329-avatar-kayn18.jpg?twic=v1/output=image&v=2)
5 March 2024 | 15 replies
This isn't inclusive but should give you a good start.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/724460/small_1621496145-avatar-brendanm33.jpg?twic=v1/output=image&v=2)
5 March 2024 | 70 replies
I would like to see people on BP provide more inclusive information instead of one-line suggestions.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2890724/small_1706948365-avatar-emilya122.jpg?twic=v1/output=image&v=2)
4 March 2024 | 18 replies
For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2340764/small_1657038925-avatar-ryanl692.jpg?twic=v1/output=image&v=2)
2 March 2024 | 3 replies
Only 10 related adults or 6 unrelated adults are allowed at a time[6].Required docs to operate an STR:To obtain a short-term rental license, you will need to complete a short-term license application and pay a non-refundable fee of $643, inclusive of a $50 notification fee[6].
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/4520/small_1621347049-avatar-robmack.jpg?twic=v1/output=image&v=2)
2 March 2024 | 8 replies
Just a few preliminary thoughts - this is a beginner list and of course not all inclusive. 1.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2945657/small_1707733556-avatar-laurad164.jpg?twic=v1/output=image&v=2)
27 February 2024 | 4 replies
Is there such a thing as an all inclusive agency that handles all of the legal and accounting and licensing for you in one place or do we need to hire a lawyer, accountant, realtor and broker individually?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2874261/small_1699806867-avatar-miked725.jpg?twic=v1/output=image&v=2)
29 February 2024 | 18 replies
This severely subpar customer service, lack of timely correspondence and initiative from Alan Kirkham should be unacceptable for a company that claims to be top notch and superior to all other CPA / tax advising firms and charges clients a ridiculous $25k fee for their 'all-inclusive services'.