The return on the investment was worth the time spent on the project.

Since you haven't started the project yet, use this time to network with lenders to see who offers the best terms....seasoning, rate, leverage and pre-payment penalty terms. 

Also, you can't know how the cost of materials could fluctuate over your project time, so consider purchasing any materials upfront so you can stick to your budget. 

Im thinking of getting 2 *2 bed and 2*1 bed with the projected rent estimate.the total price is 650 -690kHey @Harsaha Lenka, welcome to the BP Forum!

Are you looking to do more rehab projects like this (either house hack or not)?

As we continue to stabilize supply chains, seasonal and historical patterns can provide insights for executing your next project, ensuring you factor in risk and stay within budget.Question: What are your thoughts on adjusting to the "new normal", how will investors manage increasing costs with many forecasting stagnant appreciation for the coming years?

Delavan has come a LONG way recently and prices are shooting though the roof both for rents and to purchase. 

Sounds like a solid project.

Things like a new roof can range - here in Philadelphia where i do a lot of work, our flat rubber rowhome roofs are fairly inexpensive and standard . . .

It’s the simplest way to get a feel of what it is like to be a landlord without going through the hassle of managing rehab projects.