Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

Your project manager should know plenty of guys- delegate this to them3.

I have attached a photo of my original property taxes along with the new projected property taxes.

You can also hold money for maintenance, capex, taxes, insurance, or other projected expenses.

@Yaroslav Shtogun assuming this is something you can tackle yourself and with your network doing the full deal would be an awesome project for you!

I am thinking of that being one of my next big projects if the community is wanting it. 

And along with that, any insight into GP/LP on a project like this would be helpful.

. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

At that point my project manager (and partner) started pushing him.