See my other posts for typical renovation costs in Metro Detroit, and how to build a portfolio in Metro Detroit if you don't live locally.

Right now its generally as little as 12.5 bps (1/8 of a percent) at most lenders so not really worth it.Regarding the terms you posted - I ran these through our sizing and they look in the ballpark of market, not much better or worse - with some assumptions, our pricing looks to be 8% flat with zero origination fee/broker fee and $1,000 underwriting for this scenario. 

I'm not sure if you're still interested in the deal you posted, but thought I'd weigh in.

*This post does not create an attorney-client or CPA-client relationship. 

I'm not trying to be the forum police here but it's annoying to see somebody consistently offering bad advice on posts. 3 thumbs up on this comment of course not every post but the post on this thread is out to lunch for sure and completely wrong.

Asking people for advice has its place, and if it bothers you that I am doing so, you can ignore my post.

I've added the breakdown to this post and attempted to use conservative numbers. 

This would be my first new build, so I don't have a strong sense of what my expectations should be (hence the forum post, as well as several videoconferences with experts that I have lined up).3.

It seems like you just joined biggerpockets and your first post was about JTFoxx, hope you have no relationship with their company.Were you involved in one-on-one coaching or group coaching?

Originally posted by @Nicole Foglia:I bought a mixed use property in Newburgh NY for 120K.