The monthly principle and interest on a 30 year fixed 6.5% loan is about $758.48 Add insurance $60, taxes $145 , HOA (none in this case), property manager fees 10% of rent and you have about $1,065 in fixed monthly costs.

Plus by going with you, they won't have the benefit of an agent's errors and omissions insurance, the support of their brokerage, and the experience an agent has in protecting their clients from everything that can go wrong in real estate transactions.

Specifically:Licensed and Insured Contractors:Strong experience in fix-and-flip projects is preferred.Proven track record for meeting deadlines and staying within budget.Interested in building a long-term working relationship.Real Estate Agents:Knowledgeable about properties in Chattanooga and surrounding areas.Skilled in identifying high ROI opportunities for fix-and-flip projects.Open to partnering with an investor for repeat business.If you or someone you know is a great fit, please comment below or send me a direct message.

Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.

Curious if any General Contractors have recently originated commercial general liability insurance and build units that are sold as Condo/PUD's.

The above rate will either be NNN or you need to estimate insurance, property tax and utilities and deduct.  

I'm about to stabilize a quad that is now cash flowing (after 8 months) because I appealed taxes (and won), got better insurance, and then renovated 3 of 4 units and brought rents up $300-$400.

Title Co, PM, Contractors, process server, RE Atty, Handyman, Lenders, insurance etc.....We were also building a wholesale business at the time so visiting the market was essential.  

That (and insurance issues) are two big risks.

This is how insurance works, imagine if an insurance carrier only had 10 people in it, 1 needs a surgery, POW that's a BIG hit.