A good rule of thumb is double down what you think you like to spend and make adjustment later. 

The locksmith probably doubles the price for markup.

I would then wholesale it through a double closing from the seller to my wholesaling LLC, then have the final purchase done by my hold co.

We take title to them in a double close and do all of our deals with Cash or Hard Money only.

But double check with a CPA on that.

If I rent out three bedrooms at 600 each, that is double what I would be getting.However, it seems that renting out rooms separately isn't permitted unless you actively live there with the property as a primary residence (not sure on this point).

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That way hopefully worse case we hit a single or double and still do well.The syndicators using debt with the timing of the cycles and the stars to pull anywhere close to initial projections on the raise play a game of musical chairs where risk to loss is high.Keep integrity.

Just like any flip story, my first flip expenses almost doubled (different story for another day 😊), so we are being cautious with any additional expenses.

Bonus that the rents are higher than the lower comps you pulled (double check because tenants shop around, so may be your comps were not equivalent).