To do a full depth analysis of a property for Airbnb you have to take into consideration: quality of furniture/eventual replacement of furniture, bedsheets/towels, consumables, laundry, cleaning, location of property, high and low seasons, competition in your area, cost of management, what amenities you should offer and eventual upgrades of those amenities...That being said, I do run the BP calculator on my deals to make sure they will work as a long term rental in case I have to resort to plan B.

with 3.1 to fully develop it puts us at 8.5 plus 500k in soft costs so round that to 9 million so today we found our selves with 3,600,000 of profit on the dirt. 

I would maybe change out the knobs and towel racks to a more contemporary look like satin nickel or aged bronze.

Not the predatory part, he is soft-hearted and returns the move in fee.

We are actually putting in SOFT WOOD.

On a typical move-out/move-in job I had my "standard" tool box plus a materials box containing;the standard paint color I used for rentals-Navajo White, a bunch of paint stirring sticks (for sheetrock repair more than stirring paint), a couple of pieces of sheetrock 2' X 2', Elmer's glue, sheetrock screws, switch plates, a couple of outlets and switches, scrubbing stuff and chemicals, DOORSTOPS, light bulbs, mineral spirits and linseed oil and 000 steel wool for touching up stained wood, paper towels, TOILET PAPER, rags, paint brushes, SMALL LADDER, joint compound.Once you've gone through every room doing the "touch ups" you'll have a good idea if you need to come back with your 8' and extension ladders, paint rollers and 5 gallon can of paint and drop clothes.

Cover with dry towels until dry.CRAYON: 1.

Hi All,I’m new to investing and am trying to figure out how to calculate construction and development costs.Say if you find a deal online or while you’re driving and want to pursue the analysis in a bit more depth, how do you benchmark your construction hard and soft costs?

I meatn to say the private banking division of the bank. not really getting it from private lender. in my case, if I move all my other investment assets to wells Fargo, They will assign me a private banker to work with all my needs including mortgage.

Not sure where they're dreaming up all those numbers, but soft costs, finance costs and holding costs all factor into the equation.