Then you will be able to make great decisions in any economic environment.

. $8700Origination, Title, and appraisal fees all look about right. 2 points on a 30-year fixed investment loan is the norm in this current rate environment, can even be 3%The $8,000 other Escrow and prepaid costs seem very high, then again I don't know the New York market.

@Jowan ChismSounds somewhere between a bad lender / back office / loan officer and perhaps because of the lending environment. 

Don't be frugal when you first meet them, contractors are the lifeline of our business and you want to make sure they work in an environment they want to be at 

I am using a conventional renovation loan.Given these numbers I’m estimating 65k profit BEFORE seller fees, I’m also considering living in the house if house prices don’t hold up.Given that we are in an environment where house prices are almost certain to fall or stay flat and the amount of time and energy requirements of a renovation I’m wondering if this deal even makes sense, my biggest concerns are having to put this house on the market early next spring amid declining housing prices and taking a loss - or even worse not being able to sell and carrying a $3500 monthly mortgage payment (my W2 earns me 140k a year but I’m providing for a wife and two kids).

Learn how to use this high rate environment to your advantage.

With that said, I will be extremely selective on any flips as I think the current environment lends itself better to buy and hold - taking market risk for a resale off the table. 

So, in the current environment, it might mean you be more conservative in evaluating deals or focus on different opportunities.

The last high inflationary environment took 10 years to tackle inflation. 

In the current environment, you don’t want to buy in C/D areas.