To answer your last question, my realtor has contractor contacts I should be able to leverage for rehab budget estimates, as well as family friends with experience in the construction trades.

The statement that 90% of all fortunes were originated with real estate2.

Our two story more family homes started at 500k and have ended up at 675k to 725k.. with our original nets at 100k ( was the goal) to now we are 100k to 150k NET NET NET on those.. we have 17 more to deliver and 11 are presold at those high numbers and so if I can keep lumber where i need it we should have a very nice last year of the project.

Hi @Robert Spiegel, My answer to this would truly be based on your Lease Agreement. 1.

While I eventually parted ways with my original partners, we remain close friends to this day.Now, 30 years later, I’m still in Ohio and loving it.

Happy to connect and answer any questions you have!

That way, you can or choose not, to make a change to the original note.  

Without knowing stuff like this, all the answers provided are meaningless. 

Originally listed above $200k, we landed at $171k.

I see both answers here.