You want a design that stays relevant, withstands high turnover, and doesn’t require constant costly updates.7.

We offered 407 and asked for closing costs.

Specifically, I’d appreciate:•Wholesale contracts: Recommendations for templates or tips on using contracts effectively with sellers and buyers.

With an LLC, you may be able to deduct business expenses more effectively and avoid double taxation.

A friend and I created one recently:https://drive.google.com/file/...It was meant to compare costs between different lenders, but you can use it to just see costs from one lender as well.

Today it has good cash flow (~$6k/month using 49% expense ratio) and is up ~$1m above costs.  

So, this cost a bit more in closing costs BUT your are out 34,750 plus closing costs instead of putting down 25% of the 340k which 85k plus closing costs. 

Lets say its $270k and you are financing $220k and it takes a year at 12% thats $26k in interest plus other costs etc.

Initially the numbers were 40k for rehab cost Lessons learned?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.