- 3/2 - all Brick - No Flood Zone - No pools - No Deck - Built in 2006Original tenants have remained in the property with yearly increases to rent.

I have a friend who does real estate development, and he shared his investor deck.

Some of the houses have small decks or patios, and some don’t.

Now in most cases the same renovation will require an engineer report, and full architectural drawings….I recently had to obtain structural drawings and complete special inspections for a rear trex deck….Just a few examples of costs someone will incur flipping a house in Philly.

He put in a hot water heater, painted the upstairs walls white, put black shutters on the house, painted the deck grey, and painted the front door red.

If a seller says a home has a new roof, deck, addition, etc. and want to get credit for the value add, but there's no permit to back up the claim, forget it.

Next, be sure you have your crew on deck to get the work started and done IMMEDIATELY so you can get your rehab funds out timely and not have a lot of draw fees.

You can go high-end and spend $100K, or you can go mid range and still spend $100K because you needed to build a large deck on a steep slope with lumber costs at it's 2021 peak.

I was thinking that the cleaning fee could simply be covered by whatever the host is currently charging their guests, and the maintenance fee could be a set monthly amount to cover basic needs such as pool cleaning/maintenance, lawn care, pool deck cleaning, and minor touchups.What do you all think about this?

This will be my first time putting a fund together.1) Create Financial Projections, business plan and investor pitch deck.