Since I was brokering the private money loan, I couldn't waive the late fee (which my lender still wanted) and the borrower was upset because ENS wouldn't eat the cost, which was a systems error on their part.

I’ll be very upfront and honest- I have about $20,000 saved for a down-payment/closing costs.

How do you typically handle unexpected costs or delays in your real estate projects?

We live in small town Arkansas with a very low cost of living. 

Some lenders may want to see 6 months reserves on top of closing costs and downpayment. 6.

What's the construction cost per square foot?

Does anyone know what’s the average cost for cosmetic/ full gut rehab in Seattle Washington per sqft.

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