The Oklahoma market is a great market, we are a very conservative state when it comes to Real Estate.

I am hoping this number is extremely conservative given that our contractors, inspector, and realtor walked it as well. 

If that is all ok then get a very good local realtor to run comps in that area to determine the conservative value of the home once you've completed the renovation work(ARV).

💪🏻 That lesson:DO NOT WIRE FUNDS UNTIL THERE IS A FULLY EXECUTED AGREEMENT BETWEEN PARTIES THAT CONFIRMING THERE IS AN ENFORCEABLE CONTRACT.

I’m closing on my second deal, a duplex that’s going to take about 9-12 months to comeplete (I’m doing the work with some sub contractors but mostly myself) at this point after that is done, I will be out of money, even before it’s finished I’ll have to raise some capital to finish it, but it should cash flow conservatively $600 a month.

Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.

Quote from @Rereloluwa Fatunmbi: Quote from @Andrew Steffens: You definitely saw what I was getting at - this house IMO looks like a great place for a bachelorette party / bridal party etc. 

I have a vision of building and developing mobile home communities in upstate NY that are vertically integrated to allow future members to choose from a catalog of homes, have them installed, provide them with financing options, and make the process of selecting, buying, and living in the community very smooth.Since this is my first time doing this, I would love to chat with an experienced mobile home developer on the following items:Zoning - navigating the zoning process to allow the community to be allowedStart up costs - I am a finance person who would love to better understand start up costs - septic / electrical / water / pads / roads / etcOn Going Maint Costs - in building our business case, I want to build a conservative financial model to capture all re-occurring expenses - utilities, landscaping, capex, septic clean out, etc.I know this is a lot, but would greatly appreciate talking to someone who is an expert in this asset class!

One other thing that I am constantly seeing is the set it and forget it on 3rd party platforms.

I've bought my last 3 house at fairly conservative pricing and reinvested into them.