Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage. 

.: Good afternoon BPers🫡,Will property insurance pick up the tab on something like vandalism or does the policy have to contain some type of clause built in regarding this matter?  

What made you interested in investing in this type of deal?

@Terrence StarkTypically the contract to buy the new house would specify that the builder/seller would deliver the type of plans you are referencing.

Probably starting out small Jaycee - SF or maybe some smaller duplex type properties.

Purchase price: $62,000 Cash invested: $60,000 Project in progress: Off market dealPurchase: $62,000Rehab: $60,000ARV: $165,000 What made you interested in investing in this type of deal?

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

Quote from @Mary Holland: I'd love to hear about your experiences and how they compare to other types of commercial real estate financing.

What made you interested in investing in this type of deal?

Sounds like, from your perspective, this type loan would not be best for my situation.