We bought an industrial warehouse for ~$250k and is in the process of renovating it. The goal is to finish the renovation by November and then rent the warehouse to tenants. Our estimated ARV will be ~$850k. Currently...

His comment on costs was $4k-$6k but I have no idea what that includes and I think it was a guess having no foreclosure experience in AL.Do you have any good web sites I can read about the process or anything else not immediately obvious?

HUD publishes the Median Fair Market Rent on their web site for the entire country.

Much like there's "organic" produce and "certified organic."

It provides housing when we have limited supply, it's a good way to find tenants and make friends, and it produces a great ROI (if managed correctly) because the rental income is generally higher.

E.g if an architect produces an interior design set of drawings anyone off the street could submit they would be required to stamp and sign them anyway.

Real Estate is get rich slowly, $150k to invest is an amazing place to be and a great achievement, but it's also not going to produce a life changing amount of cash flow every year.

You are thinking real estate investing is an income producer, but when you have limited money to invest that means your potential profits are limited as well.

It typically takes 4 to 6 months to produce on a part-time basis and my intention is that it will be of value to those in the industry, including me and a prospective mentor.

And don’t mistake on purpose actions for meanness or lack of sympathy   My job after all of the diatribe and crap is to produce the highest level of profitability possible   It’s not to make friends