You need to account for Permitting Cost, Construction cost, Financing cost, Insurance costs (Builders risk & General liability), Holding costs, Selling costs, and contingencies for cost overruns.Any specific questions don't hesitate to reach out.

Hey Amanda, In this case, you can likely deduct the cost of cleaning the oil stains from the security deposit.

The property sold (to me) at the upset sale for $17,000 The Taxes and costs due to the county were about $5,000 leaving funds to payoff the $7,000 lein on the prior owner. 

@Sharon Patterson, any rehab is a "project" and basic project management principles state that there are 3 key interrelated aspects to all projects: time, scope, and cost.

As i continue to pursue this path, I also wanted to put an opportunity out there to any new potential partners. 

I have a call scheduled Monday to discuss a cost seg but would love a little more insight before that meeting.We will be closing sale on a few RV parks in October.

@Jane DangGenerally, if the cost is $2500 or less it is considered a repair.

@Nazimuddin Basha, There's a whole lot of us feeling that pain of increased insurance costs and resets in taxes. 

DSCR loans open up more opportunities for investors by focusing on the income potential of the property itself.Here’s why DSCR loans are a powerful financing tool for real estate investors:1.

You're situation could be far different, for me I am looking at higher construction costs than you have (most likely) and deals in the area I can put 20% down on as opposed to using the money for another unit.