Tile is okay, but costs more because of the time it takes to install it correctly. 

To me, this is one of those short-term deals where the actual rehab costs need to closely align with the borrower's estimates, while the execution of the project from beginning to end would require little to no problems or delays for everyone to earn a decent check.

I will check out the site, and feel free to offer any other advice you may have! 

Hire a Architect to provide drawings with a lot of details such as existing house elevations and floor plan, proposed elevations and new floor plan, roof, wood deck, addition, etc.

I sell for about 70% above my all in cost, eg purchase plus light reno totals 70k, I resell for 120k.

If a new construction house costs 300k but a preexisting home costs 275k, that premium might be worth doing.

But can I write off the cost of each night to stay at my STR since it would be making money if I wasn't staying there?

He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.

Feel free to send me a message for more information.

Lots of decent YT videos as well.There is no (or little) value in having a RE license just for your own use as an investor, and the costs of maintaining it like a full-time professional are higher than you would think.