Or, I’d have to get an extension of the closing date, which kinda defeats the purpose/competitive edge of a cash offer.

A typical rehab usually takes 2-3 months, but it can take longer for a full gut and heavy rehab like yours.

More competition > more offers > more bidding wars driving higher prices. 

Don't just look at their prices, also look at their services and compare them to the competition. 

Milwaukee rents continue to go up, we are now the 3rd most competitive market in the US, ahead of NY and LA..

Quote from @Irma Leibas: Quote from @Jaycee Greene: @Irma Leibas Many of my clients that do mid to heavy rehab projects have contractor credit cards from Home Depot or Lowe's, which reduces the amount of upfront capital needed for the rehab. 

When you are willing to cover your mouth with a handkerchief and step over land mines to see if the layout works for a LTR you know you're a real estate investor 😁 lolI've seen it all and smelt it all.Just haven't found a dead person yet in a property heheFunny thing is, having travelled a lotSome cultures consider animalistic smells attractive.Even aphrodisiacs.Personally, I love me some niche perfumes and have always bought the heavy Middle Eastern Oud scents.Repulsive when first applied but give it a few minutes and it blends into the skin making it sweet, sour and woody lolMaybe cat piss after some time smelling it would also blend in with our olfactory senses like it does with the other cultures hehehehe 🙈   

That said, you should adapt your strategy based on the market conditions.In lower-cost markets or areas with less competition, you might still be able to hit 1%.

They want competitive pay for subpar Work.  

Even if the numbers look good, you will get tons of competition that eventually will drive the price off your excel sheets.