@yang;  he'll pay cap gains via installment sale tax treatment which is to his advantage. 

city...https://www.trulia.com/p/oh/cleveland/1963-w-47th-...https://www.google.co.il/maps/place/1963+W+47th+St...https://www.zillow.com/homes/1963-W-47th-St,-Cleve...Number Each Investor House $80,000 Investor 1 $ 90,000.00 Closing costs $1,500 Renovations $130,000 Investor 2,3 $138,000.00 Project Management $10,000 TOTAL $221,500 Sell Price $320,000 Costs $16,000 Iintrest $8,000 Net $74,500 Cash on Cash Investor 1 $24,809 28% Investor 2 $24,809 18% Investor3 $24,809 18% -22 squares roof (probably as many as 3 layers budget for that and re-sheath) $6600-Windows/Ext Doors (currently 20 windows and 3 ext doors) $5000-Siding/gutters (28 sq siding) $12000-Driveway/ 2 car garage (driveway 132’) Drive and pad appx 7k, garage 7k, wire $14000-Demo (labor/dumpsters) $5000-Framing (lumber/labor,floor leveling and sheathing) $6000-Insulation $4000-Wiring and light fixture (all new service) $8000- Plumbing (drains and supply and hwt and faucets) $8000-Hvac (hvac and ductwork) $7000-Foundation repair (parging/loose bricks/drylock) $3000-Drywall (sheetrock/taping/finishing level 4) $12000-Painting $5000-Millwork (doors/baseboard/casing) (solid doors 10?

On at least 5 of the last 7 houses I worked on for an investor in Pontiac $15,000 houses in (Oakland County) I have had people knock on the door and ask when they can rent the house (during demo)!

Steve Forbes comes to mind and I think Andrew Yang had something similar proposed.

Insurance has evaluated the scene, no work has been done, the initial demo and damage debris removal is about to begin and we are still waiting to hear how much and process for funds distribution.

Only good news for purchasers is that there were 36 demo permits issued in the last 30 days, which means the market may over-saturate soon and the pricing may calm down a little.

. $5 per sqft for demo and new drywall (including trim)$20K bathrooms (2; A-- level fancy)$15K for cabinetry/countertops kitchen (quartz, farm sink, etc)$1K for outlets/fixtures/switches$5k for paintFlooring & Ceiling don't need to be replaced and not changing floor plan$500 City Code Permiting/InspectionsWith acquisition, closing costs, and if my estimates are true, it would still be worth the cost as it would leave about $50K of a buffer after renovations from current comps.

For the initial phase our contractor (we'll call them contractor #1) was supposed to pull our permits, and demo the property.

The critical errors I see are not understanding code, getting the order of operations out of order, and forgetting to do an asbestos test prior to demo.  

@Ben ScottWe use Propertyware, have experience with Buildium and have played with Appfolio and RentManager.Buildium is for smaller companies.The other three are tied, the differences being how much automation & customization you want to do.If you don't see yourself growing beyond 150 units, go with Buildium.If you're not very techy and plan to grow over 150 units, we'd recommend Appfolio.If you're techy and plan to grow over 150 units, we'd recommend Propertyware or RentManager.Of course, schedule some demos, take GREAT notes and them make your decision.FYI - there are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Rentec, most will not survive, so you would then have to switch:(