Hi @Fiona Humphrey and @Melinda VaughnundefinedAnd anyone else on this thread.Melinda, what are some of the components you find necessary to set the contracts up correctly?

Cash flow will provide you with a steady income and a safety net for any unexpected expenses, which is especially important when starting out.

As with any type of investment, investors should list the estimated costs to calculate their potential profit.Costs to consider on fix-and-flipsRepairs (always be conservative)Carrying costs (interest, points)Monthly costs (utilities, HOAs, insurance, taxes)Buying costs (back taxes, cash for keys, liens, code violations)Selling costs (commissions, closing costs, transfer fees, title insurance)Unexpected costs (add $5,000 to be safe)These are the basic costs investors should consider.

In 2024, it is 60%.You may also have an option of applying a different method (Section 179) that can give you 100% on some of the cost segregated components, but this has its own drawbacks and complications, so it needs to be discussed with your accountant beforehand.Also, have your accountant estimate your potential tax savings before ordering cost seg.

Initially, I underestimated expenses such as property management fees, maintenance costs, and unexpected repairs.

Does anyone have experience with constructing new multifamily communities or homes, etc. that could help me better understand how to project costs on infrastructure/site work component?

(happy wife happy life)I have seen marriages lost because one did not have their partners support - so it is a key component in that journey.

But, that being said, there are the numbers on paper and then there's the psychological component.... the human behavior component. 

Two critical components are key to legally performing the above scenario. 1st, there must be consideration for a real estate transaction to be valid.

Keep in mind @Mario Morales that they take premiums, invest them so there is a profit component on invested returns, and hence amplifies how far the $ can spread on payouts. less than stellar returns and expanding claims, yes, rising premiums is a certainty.