they were in business 20 some years took in 100 of millions in due diligence fee's at 5 to 10k a piece.. there targets were newbie developers who had bigger complicated projects that no one would fund when you have little to no experience. 

The bank is going to loan based off the projected income so the higher the rent, the better the appraisal!

Since you asked...Our focus for this winter/spring is a mixed use project...we bought a hotel built in 1870 through a purchase money mortgage...we're adding 3 high-end guest suites for a BnB, building in a 2BR apartment for stable cash flow, and opening a gallery for the local artist community...we have plans for a tap room or wine bar in the future at the same site as well...

Yes, I keep track of prices at the big box stores and set a conservative budget on each project.

Although I could have financed the entire project myself and just hired him.

I established a team at location and would like to bounce my numbers off the BP community and would like to know if I am leaving anything out.PURCHASE PRICE: $195,000PURCHASE CLOSING COSTS $3,000ESTIMATED REPAIRS $50,000TOTAL PROJECT COSTS $248,000AFTER REPAIR VALUE $373,968DOWN PAYMENT $19,500LOAN AMOUNT $225,000LOAN POINTS 2%AMORTIZED OVER 1YRLOAN INTEREST RATE 12%NEEDED FOR CLOSING $25,000/ r

But I was interested in making something look beautiful.This was a great project and got me hooked on real-estate.

Coordinate all non-emergency repairs with my Project Management Company and our assigned handymen for execution

I have way to many ongoing projects but I have my eye on a completely vacant 20 ish unit mobile home court.

With crappy outlets and a bigger project needing to be the main focus, I'm not getting anyone with ideas of how to give this woman lights without saying "just use lamps".