I individually priced all my materials and got several estimates from contractors.

This money gets added onto the back of the loan kind of like a VA funding fee does. 

I did not see taxes taken out for profits.

I will post it on this thread.

Don't just find out how it's all licensed and check on any historical issues with it, no you want to meet with local board members, find out how they really feel about the place and what the cities wants and plans are for the place.

“…states still have authority to require notice filings and collect state fees.”This means you need to check with each state where your investors reside to ensure compliance.Final Warning: Don’t Cut Corners – Follow the Law!

Reach out if you want to chat.

It turned out this was his first time appraising one.

First time on this forum, and just introduced through two books I just read by David Greene and Brandon Turner.  

@Bridget HustonWelcome to the community and be ready for a huge amount of information at your finger tips.