Also, it often helps to connect with a local agent/do extensive due diligence on renovated/new construction properties to see what the property may sell for or appraise for (if doing BRRRR method) as that can impact the price you should pay.

I've had a change order for 14k and anticipate another may come when the canal line is cleared. one of the biggest things has been holding costs with my particular loan product, plus multiple extensions with multiple extension fees Thanks for sharing.

Many, many people have made huge fortunes on SFR's alone.Speak extensively with anyone who invests in RE and do everything you can to pull out why you *shouldn't* do something.

@Kyle Trotman If you purchased with a hard money loan conventional lenders will require extensive seasoning to utilize the new appraised value for cash out. 

If the transaction has "hair", the feds care and financial crimes can be prosecuted for up to 10 years after the transaction. 

Most property management companies are licensed realtors with extensive experience working with investors and providing valuable insights into their local market. 

There is a $200 cancellation fee to cover the extensive materials and supplies we give you when you join. 

I would do 12 month with extensions.

I don't like seeing a bunch of blue haired nerds running around crying about how evil their landlord's are for forcing them to pay their rent on time, but I don't want being a blue haired nerd to become a criminal offense.

@Ricky Rigsbee - I use the Michael Blank SDA and think it's extensive enough for modeling a purchase with or without syndication.