Most towns/cities have a master plan for the aspects/areas of the city that they are actively focusing their efforts on, and are pretty thorough with specific plans for carrying out those efforts with estimated timelines etc.

Purchase price was $180k, appraisal was $255k for a previous buyer that fell out of contract, initial ARV estimate was $320k - 340k.

Hi, Does anyone have any idea how much legal fees approximate for evictions in Los Angeles?

. $30k can turn into $8k or 0 really fast - whether that is due to unexpected costs - especially on an 1875 vintage home - or your ARV estimate being off.

My plan was to keep renting the house, however, the property manager has given us an estimate upwards of 30k in repairs for it to be in rentable condition again. 

If your contractor chose Bank of America for their business account then they should have asked about and discussed timing and fees for different deposit types before choosing, ask their clients to use Zelle, or have a separate payment service like one contractor I use has pocketsuite for estimate, payment and invoices.

Zillow gives a monthly rent estimate of $2,200.

If your "cash flow" estimate doesn't include vacancy, repairs, and cap ex then it isn't cash flow.

The lender plans to finance 80% of the purchase price and 100% of the renovations for my property, which is approximately 3000 square feet, renovation loan amount of around $50,000.

Included in the price of this estimate is expanding a smaller bathroom into the existing footprint of the home, a tile shower with frameless glass shower enclosure, a freestanding soaker tub, a stone countertop, and a separate water closet.Primary additionComing in at one of the most expensive things on this list, a primary addition with midrange items costs homeowners an estimated $156,000 and recoups only 31% at closing time.Bottom line- only do what you need to do to get the best 'bang out of your buck'.