Net Sale - Is the contract price, minus the closing costs and commissions.Adjust cost basis - Is the purchase price, plus capital improvements, minus depreciation.

We have since worked with 2 lawyers (one closed for business halfway through since the eviction courts were closed, so we had to start over with a new one last fall), and we finally see the light at the end of the tunnel months later.

@Mitch Davidson I purchased a property recently and closing in May.

Or the one before that of a close up of a corner of a white wall.... are you telling the viewer there in the corner?

Continually communicate clearly with all parties involved to make sure that expectations are as close to realistic timelines as possible.

They are literally working for free in hopes of getting paid when you close the deal.

I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi.

My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.  

Also area close to University of Buffalo.

I’m closing on my second deal, a duplex that’s going to take about 9-12 months to comeplete (I’m doing the work with some sub contractors but mostly myself) at this point after that is done, I will be out of money, even before it’s finished I’ll have to raise some capital to finish it, but it should cash flow conservatively $600 a month.