Last, we assume 4% in sales commissions.Not a rule of thumb, but we’ve observed a typical rehab lately is around 15% or so of the ARV or more.

The more money he raises- the more deal flow he sees (network effect of commercial real estate investing).Saying all that- when you look at crowdfunding sites, like Crowdfund and Fundrise (2 I'm most familiar with)- there are some heavy hitters with deep track records doing deals on these platforms.Most commercial investors/developers don't have the platform Grant has- so they are leveraging these crowdfunding sites to raise capital and from my observation, seem to be doing well.For the record- I have not raised equity using the Crowdfunding route. 

From what I consistently observe, the ability to complete the BRRRR investment strategy and recapitalize oneself is a key metric used in how many underwrite acquisitions.

However, two things that I observed - 1) the turnkey company I am working with has shared a proforma that has ~10% to 15% premium price compared to similar properties sold in the area. 2) they have a contract in place before the inspection and appraisal.

Since we are out of state, we need someone to observe the minor renovation progress.What would be the average daily rate for hiring a renovation project manager to check on the progress and ensure that contractors are doing their job properly?

I have 54 years of life observation that tends to prove true.Our market was on an upward swing for nearly 15 years.

I expected some sort of observations on my current situation and how they could help, etc.

Again, many on BP will disagree with my position on low barrier markets that have the appearance of being better for cash flow but this is what I've observed. 

I would typically consider normal wear and tear, unless there were repeated attempts to mount the TV unsuccessfully, such as missing the studs multiple times, which I have observed on numerous occasions.

I am interested to see how this thread progresses this Spring/Summer based on observed occupancies as well as if home prices stabilize or are reduced further if inventory increases.