Originally posted by @Travis Hill:I am reading a lot about property classes and how, who, and where are they determined?

I often refer to that as "The Rest of the Story."

The numbers definitely work if the rehab stays within $100K–$115K and the timeline is 6 months, but with a full gut reno, I want to be realistic about potential delays.

So, did you put more than $30k in cash in the deal as listed in the investment info?

Originally posted by @Zach Harsh:@Bruce Lynn Yea I hear you, I have been a full time investor more or less since about 2015 or so. 

The answer is that if the lender that's doing the hard money loan is only funding the purchase and not the rehab, they then have less oversight of the project since they're not doing the draws, and thus not seeing the progress of the project and having control of the funds or draws from the rehab to make sure the project is progressing.

I also have a background in software, having founded and sold the majority of my software company in 2014.

Interview them of course but for the most part they are hard workers that are cheap or free. 

The cash flow now is good enough for me to retire.  

The property was in a great market but needed a full cosmetic rehab and basement finish to add a bedroom and increase resale value.