Get a couple estimates materials and labor.

I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .

Also, your wife simply would need to "materially participate".

Updating the interior is costing me $63,000 for demo, installation, and materials.

InflationRising Costs: Inflation drives up the cost of materials, labor, and property maintenance, potentially shrinking profit margins.

@McKinly SpringerThis did not bond as they didn’t prep the floor properly nor was this done properlyIt does not appear they even used a self leveling material like ardexTo me this appears all of it needs to be ripped out and redone properly

Owning the property outright allowed him to address those costs comfortably and even negotiate a better deal on materials since he wasn’t rushing to meet a lenders timeline.Given that you want to learn and scale gradually, cash is a safer way to build your confidnece and investment foundation.

Broke down the doors and stole all of my mechanicals + material on-site (resulting in ~$30K worth of damage)I just had a contractor walkthrough and talk to neighbors and apparently there is now a homeless man who has been sleeping upstairs (he wasn't present, however bedding was present).

Consider targeting young professionals and small families who are looking for modern living spaces close to their workplaces and urban amenities.Property Analysis:Exterior and Structure:Materials: The exterior is clad in modern siding, likely a composite material or Hardie board, known for durability and low maintenance.

Study the PPM and offering materials....see how the projections meet the actual numbers and what went right or wrong.