Permitted or not, you want 100% assurance the property is within building code standards for the year it was built, and for any upgrades/ changes - the years those upgrades were made; ie GFICs in wet areas currently, but not required in original construction back in 1950 when they didn't exist.sorry for not replying earlier, I'm rarely on this platformbest of luck on the project

Some other investors had purchased it to flip it and decided they had too many projects going to handle one this big.

Also offer incentives for our maintenance team to bring project in on budget and on time.

We also look at how fast we can complete the project. 

To better project growth rates for the next five years, we should examine the pre-COVID period from 2015-01-01 to 2020-03-01.

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.

I did not find them via Bigger Pockets but rather through another investor, who had them quote on project for them. 

Once the work was complete, I refinanced to pay off the hard money loan and held the property as a long-term asset.This duplex also marked the start of my short-term rental journey—we ran our first Airbnb from one of the apartments before scaling to bigger projects.

Many investors in NY like the idea of house hacking because:- They can invest with a low down payment (similar to what a 20% down payment would be OOS)- They gain hands-on acquisition, project management, and property management experience.

What ROAS are they projecting?