The seller sent invoices and pictures, but my gut instinct told me to verify so I got a re-inspection.

I am a real estate agent + I'm in the middle of a gut rehab and it's hard to balance all of this with family ( kids + partner)

NOTE 2: if we choose NOT to upgrade the rooms, the units can't be in the hotel's pool of units to be rented out to guests.NOTE 3: right now, I'm losing about $1,500/moMy gut tells me to just get rid of this unit at a loss but I have a few questions I'm hoping someone can help me with (so far, I've asked some RE professionals I know but they don't have any idea).1) If I was to pay the ~160k for room renovations, does this mean the room increases value by at least that same amount? 

For us, that looks like 3/2 single-family homes in low-to-moderate income areas of DFW where we can conduct full gut rehabs and hold 5-10 years.

The property is a complete gut/remodel.  

In your case, my gut tells me just do one cash out refinance rather than a HELOC into a refinance because it will save you from paying two sets of closing costs and title fees. 

Your instincts are good. 

If they’re honest and their background check comes back with what they said, then I’ll consider each person based off my gut feeling.

Purchase price: $315,000 Cash invested: $102,000 Contributors: Jess Haas Rental Type: SFH gut Remodel, with future development potentialCondition @ Purchase: Heavy FixerStrategy: Reno + Hold & develop 1-2 additional units in next few years

Subdivide and gut renovation What was the outcome?