I'd include:Development and design.PermitsStreet and walks.Driveways and foundations (for garage and house without basement)Utilities stabs for sewer, water, gas, power, cable And any other factor I'm forgetting.Thank you.

I'm going to guess your costs have gone up (insurance, taxes, utilities) and they should be passed on to the tenant.

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

I have attempted to utilize traditional lenders however they will not loan on an investment property.

- You missed utilities in your holding costs- For your first rehab you should plan on a little more than 6 months, just in case- You might want to double check your tax number as taxes in NY can be pretty high- The biggest area where mistakes are made for new investors when it comes to flips and BRRRRs are in the ARV and the rehab cost.

Could I hire someone to do the foundation, utility connections and framing, then do the rest myself to save money?

However they more or less just wanted to do it for that extra buck in their account where I wanted to take my portion and start utilizing it for more investments.

Make sure you utilize all the great tools BP has to offer.

I'll lay out a little about myself, my background and my current position so ya'll can get an understanding of who I am, my goals and what methods would best be utilized to achieve them.

Right now I have all expenses (utilities, material, labor, interest loan payments, insurance) posting to the WIP account.