Projected ARV $300-325,000Before:Wood wood everywhere!

I work full time in an office doing CADD / AutoCad drafting design work on Civil Engineering projects for the past 15 years.  

Not an insurance agent but i believe the difference is, the Vacant policy covers the existing structure plus improvements as they are done. the builders risk insures the material and i believe aspects of the project as it is built, since there is no structure. so if you happen to take a builders risk and you are doing reno, it may not cover you for the existing structure .

We just closed on a project so if you have something ready ship it over.

The roof, master shower, and carpets throughout need replaced, and although the property is structurally in good shape and the AC\HEAT is in good condition, the house has never been updated to today's modern look.I want to walk away with 40,000 in cash but I am afraid that after the projected closing costs of $13000 that include the realtors $9600 commission I wont get the $40,000 because it needs a roof, shower, and carpet.   

This was a big project requiring new electrical new plumbing bathroom addition new roof Windows, everything.

After renos and based on comps in the neighborhood, we're projecting resale around $62-$63/ft.Square footage came in at 2,400 roughly.

She's started her job here at the university, he's still in another town finishing out a project.

If a tenant moves out your 3% vacancy projection means you have 1.5 weeks to turn the unit and get a new tenant.  7% property management is low as well.  

I would also "stress test" your #'s when you are buying a property, as in can I still make $ if the vacancy rate in my area jumps 5% or you have to lower your projected rental income by $50-$100 month.