However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

There is a catch - the couple wants to 1031 the funds into their sons next larger project which is TBD.

A 20% down payment will allow you to have a positive cash flow, even using conservative projections and a property management company.

If all in around $435k, wouldn't she need to leave money into this deal with a projected ARV at $500k?

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

This generated $2M+ in equity, and thus is highly lucrative, but takes 2-3 years.Note worthy: I am located in California, but I did this project in Canada.

Be patient with your husband, but you may have to take on the 1st, 2nd and 3rd projects on your own before you see any support from him.

How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

With the right renovations, we saw it as an ideal project to maximize returns in a growing market, especially with our experienced partner, Seth Choate, by our side.

My vision is to bring together motivated people to support one another and potentially form an LLC for group projects as we grow.If this is something you might be interested in, I’d love to chat more and see how we can help each other on our journeys.