For my home I have a soft red tone Asian cherry love it but not durable for children or high heel shoes.

That is how you have to view this.I have been too soft hearted and gotten further and further behind more than I care to admit.They will likely not catch up and you will likely never get this money.

@Juan AyalaYou could have the lender vet the deal in advance and do a soft commitment to funding if you do win it

Below is a sample list of renovation items from a property manager:Paint all cabinetsInstall 9 blindsReplace the missing drawer front in the kitchenInterior paint - 100% (specify the specific paint to use)Install smart key locks (4)Replace the master bedroom ceiling fan (use fan #XXXX)Remove the trim around bathroom mirrorsReplace 8 brass door knobs with brushed nickelOutlet covers and switch cover plates - severalRice paper on the fogged window (1)Replace thermostats (2)Cut back trees from the structureYou now have a list, but no costs.

What if the market is soft when the projected hold time ends?

When I see rust eating at welds like this I wonder how much of the problem comes from the management company (Rust never sleeps).A maintenance tech scheduled for some time with a wire brush and some Rustoleum could have saved this expensive cement tread stairway.Now it a welder (if it's salvageable) and the Rustolem, plus the cost to construct that ugly unpainted wood bridging system, and tear it down.And despite all of the drama that's going on, Mrs Kitty still has her favorite spot in the shade next to her food and water--a natural foe to garbage rats.

There was a post by a moderator here at BP is saying that "he wants to protect the newbie from making mistakes and getting scammed.Well small-business people make mistakes;  even if you buy a franchise and get an Operations Manual on how to run the business,  you make mistakes.I think real estate investing is like weight-loss;you walk into a weight-loss clinicyou want to lose the weight and you understand that you got to exercise but there's a psychological component to losing weightLike in real estate investing, weight-loss is painfulAlso it doesn't come quicklyParadoxically, weight loss is not consistent; the results are intermittent.I think there's two good sayings to be pasted in front of your computer from your fridge and in front of your mirror were you shave or get ready for the next day.Those who sayings areIf I don't GOYA (get off my ***) I can't make any moneyThe truth to real estate investing is that you have to go away from your computer and go talk to Sellers that have problems, if you don't like people you better get into something elseThe second saying on top of the one above is, If I don't read about how to be an entrepreneur, starting a business, web generation through the web and through print, human psychology of negotiation including NLP (the "critical soft skills"), mortgage origination, basic legal contracts, how to give a speech and inspire, how to network, how to get referrals, how to hire, manage and lead, etc, in short start and grow a business, I will be a slave to my J.

I was, however, trying to provide the evidence softly, so you could look it up yourself, verify the facts, and acknowledge that the link in your original post should be taken with a grain of salt.

That is only for the construction, it does not include land, soft costs (design, permitting, impact fees) and holding costs.  

Soft surfaces such as fabrics either need to be replaced or professionally cleaned.