@Chris Morris have ALWAYS seen bad "deals" from rookie wholesalers that really don't understand what they are doing to provide value to the industry.It's getting worse because the real estate market has recovered from the 2010 Crash, yet many are still using tactics & methods developed during this time.Everyone in the industry needs to go back and look at what was being done BEFORE 2010 and start using those methods, updating them with current technology.

I always enjoy reading your updates and thoughts on the area.So, what is your best area right now according to your data and opinion?

Any updates on this Brenden? 

The algorithm has no idea if the problem as a dysfunctional layout or just the fact that it is dated and nobody has spent the money to update the property.  

So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.

Provide copies to all parties involved.This project-specific agreement works well for one-time jobs, but if you plan to work with subcontractors regularly, I highly recommend having an attorney draft a Master Services Agreement (MSA) for your business.

I will post the updated spreadsheet from this evening's exercise later on.

I'll update this post once I see how that goes!

And then finally, there is always the option to just claim the regular standard mileage deduction rate of $0.67/mile. 

Very few updates were necessary for the property because it was a new build, yet we made interior updates as all dimmer lights and updated the bathroom tub.