I’m active duty Air Force (for less than six months) before retiring after 30 years.

My career is inherently a career of repeat conversations as I do the same transactions and processes over and over but this one always comes back and I felt like it was a worthwhile post to help clear the air for both lenders and clients alike :) 

Not having enough reserves is hurting a lot of operators right now.You can always implement Ratio Billing for the utilities and bill back.Be careful with unit sizes, and if there is central air or PTAC systems when getting market rental comps.Looks like you've got an opportunityGino

Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

I just did a single family in Spring at $500k value for $3,076 premium with a $5k deductible and 5% wind deductible.

Relax in the air conditioning after a day at the beach.

Bring an air compressor with fittings, hook it up, go around listening for air leaks.

We're in Spring Valley close to two hospitals so I'm anticipating we'll have good demand from medical professionals.

My house is in Palm Spring.

To the best of my knowledge, one of the tenants (married) are employed in the accounting field at a local air force base, which was the only reason I was considering it.