The project took about 14 months, he and my brother-in-law did all the work themselves.

1 – Rental Return with Cash Purchase Purchase: 120k+Renovation: 35kAll-In Budget: 155kAll-In Budget: 155kMarket Rent: $1300/month% Towards Expenses: 30%Annual Cash on Cash Return: 7.04%2 – Re-Finance After RehabAppraised Value: 185k 75% LTV - $138,750Cash Still Invested - $16,2503 – Rental Return After Re-Fi Cash Still Invested - $16,250Market Rent - $1300/Month% Towards Expenses: 30%Annual Cash on Cash Return: 67.2%We’re very excited to break ground on this project and once we begin construction, we’ll be sure to update everyone on the progress.

The project will require full interior completion and some exterior work as well.

With a project such as this, you may want to move quickly but strategically.

Has anyone noticed that it seems like there are a lot more construction projects being **** down by Dallas city code enforcement?

Performing Note 
Kansas City MO 
Price $25,200 
Selling 138 payments 
Buyback Option After 60 Months 
Value $140,000 
Current balance $35,687 
Original balance $37,000 
P & I $324.70 
Original term 360 
Remaining term 297 
Investment to value 26% 
Loan to value 36% 
Interest rate 10% 
Effective yield 10.35% 
Seasoning-Stellar - 53 Months 
Dodd Frank N/A 08/14/2012 
Projected rent $947

I ended up having a better opportunity present itself so have dedicated my capital towards that project, but am now revisiting the build option.

What I'm looking for is getting something establishing a relationship with a bank that can immediately refinance a rehab project without a long wait time.  

Now let's see how your projections play out against real life!

Looking for full service contractors to manage the project fro start to completion.