Additionally, the property’s location in Rolling Prairie, IN, aligned well with our investment strategy, making this a promising project for collaboration with our partner Ron Rowan.

I think that's exactly what I would want to do, but I'm clueless as to how much such a bedroom conversion project would cost.

You'll spend a lot of time (sounds like you may have already) spinning your wheels in trying to find the right lender, whereas a solid broker can pair you up with the right fit right away and get your project moving. 

https://www.zillow.com/homedetails/15-Windle-Ave-North-Graft...
Hey Guys, 
I’m working on a deal that’s a bit complicated due to the subdivision of land, and I’m having trouble accurately comping the subdivided parc...

He disclaimed that it's a do-able flip but a big project for a first timer without many resources.

Renovation Considerations: Before starting a renovation project, look at similar homes in your neighborhood to get a better understanding of the repairs needed to compete in your specific market.

We are leaning towards holding it and doing a refi to deploy capital on future projects.

One is a flipper who has multiple projects closer to E Stroudsburg.

The only thing in our agreement about marking up bills is that they may add a surcharge on larger projects (several thousand dollars) as a coordination fee.

Project cost: $510K, with an ARV of $750K.