Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

Based on my analysis, the ARV looks to be in the $720-740K range, and after running the numbers, I anticipate a profit of about $40K including all the junk fees and agent fees.A couple of things I’d love your input on:Do you think it’s worth getting another quote from a different GC?

I think if we were running the 40 yard dash of cynicism and pessimism we would be neck and neck based on all our posts :)

So my thoughts to what is or isn't a huge trigger for the IRS for audits is based on direct input from the industry.

and are you certain that the appraisal is based on AS IS value and not subject to value (ie value after repairs)? 

Alternative Lenders – Look for private lenders or debt funds that focus on asset-based lending rather than borrower experience.

That would be my absolute minimum starting point - but that is based on my market. 

I've been a licensed agent here in Maine at the Augusta-based Pouliot Real Estate for the last 2 years, but began my real estate career in Savannah, Georgia (my GA license is currently inactive).

It is first reported based on when it's in service. 

Most lending is based on cashflow, not the 2% rule (although still a good rule of thumb for some types of investments), might have the most help from the group if you provided some of those details here just so it'd be easier for us to help you best.