@Kenneth Jenkins you forgot to mention owners that expect a PMC to use contractors off Craigslist that are unlicensed, NOT insured and rarely have acceptable experience/skill - but, they quote the "best" price.These same owners will sue a PMC if using these types of contractors results in a tenant lawsuit.

These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors.

I am hoping this number is extremely conservative given that our contractors, inspector, and realtor walked it as well. 

Would that look like a partner, General Contractor, CPA, Lawyer?

Since your dad is a contractor with access to affordable labor, the renovation costs could be lower than average.

Is it wrong they tell the investors if asked to say they are "partners", or "contractors" just bidding the job? 

Nice place for you to enjoy as well.

I would definitely talk to a contractor to understand what your build costs would look like. 

My primary business is owning a wealth management company, and is where I enjoy spending my time.

@Ritu MahajanBuild a solid local team, including contractors, property managers, and lenders experienced with BRRRR.