Investment Info:Townhouse fix & flip investment. 109 W 132nd St, New York, NY 10027, is a meticulously renovated brownstone townhouse situated in the heart of Harlem.

This is the heart of the reason housing isn't mroe affordable, that landlords bear these types of costs every day.You could probably find cheaper labor, especially to haul away the junk, but not easily as an out of state investor. 

Sounds like you’re trying to google and perform your own heart surgery.  

Louis, even buying a property for $2k might be overpaying for it ;-) These properties always need some sort of extensive/gut rehab, so they are not for the faint of heart (or stomach)!

@Jaren Taylor, not sure if this is why you talk about raising all cash, but given most deals are trading in the 5% cap rate range, and agency debt is 6.5% while balance sheet debt is closer to 7%, I whole heartedly agree that all cash is the ideal capital structure for many properties today, if your goal is to maximize overall returns for your investors.  

Still, my soft heart left my head feeling pretty rough, like a "failure".I don't think with your experience and 17(!)

Everyone knows about that, so I’ll move along.There’s also the big heart…minus the Jesus fish on the sleeve or the cards.

Hopefully in writing....I believe you have a leg to stand on here...They cannot just double the price without your approval.As has been said, contact the PM and have a heart-to-heart talk.

I would take Travis advice to heart as he is from the area.My advice was going to be to find an agent or PM or an investor who is making it work and follow their lead. 

Aishan,Detroit is one of the best markets in the country but you have to know what you're and you have to work with people that have your best interest at heart.