The capital invested in this project is not as simple as the template BP gave me so I'll explain a little bit more here:This is a 1031 exchange build to suit.

Do your due diligence upfront on the person (simple google search with their name and lawsuit or scam can weed out many - as well as a search on BP)2.

I am a real estate wholesaler operating for the past 4 years in the DFW Metroplex and I found that it's better to keep things simple, and not, deal with real estate agents who don't want you biting off (what they view as) their profits.

We did a 100% gut/rehab on a 1950's house in 2018 and converted it to a duplex, turned out beautiful, salvaged the original wood floors in parts of the house, put good LVP in the rest, simple plastic mini blinds on every window.

For estimating rehab costs, I can send you a simple calculator if you’d like.

Do it yourself is almost never recommended, although I’ve done some simple deed transfers myself.  

Most sponsors who have actually survived multiple real-estate cycles, say that simple staying power through inevitable downturns is the most important key to long-term success.

Simple enough, right?

If there are any known issues(even as simple as a bad $7 shutoff valve) you will not be permitted to turn on utilities. 

A good starting point would be a 10% 2nd home loan or an owner occupied 5% loan where you can convert a basement or studio into a simple 1 bedroom unit and basically let your guests pay your mortgage.