Hoping for $325,000 for the build (budgeting for $400,000 with overages).

Also, the ability to find good deals with an accurate budget to complete the project up front from some good project managers/general contractors.

I have done many rehabs and had never gone way over budget (to be blunt I may have been cocky as I never thought I would significantly blow a budget).  

Eliminate debt, establish a budget, and save.

Their commercials seem higher quality than the no on prop 33 commercials (who have similar budgets but from much more sources).Hopefully voters educate on this and strike down this proposition for the third time. 

Budget carefully, prioritize high-ROI renovations, and adhere to strict timelines to maximize profitability.

It was certainly stressful to do a rehab loan (non-recourse) and refinance with non recourse loan and budget the renovations.

You will be going up against larger operators with bigger budgets and more experience. 

It's putting out lots of fires, managing finances like a hawk, keeping projects on time, in line and on budget, marketing the property & getting it through closing, and *then* doing it all over again - and that's if you're not doing any of the work yourself. 

Even at that threshold budgets are tight. 3.