Much of this will depend too on where you are located (if not local to the flip), the geographic location where you intend to flip and the associated price point in that geographic location. 

That being said, on average we see about 25-30% of reclassification to faster depreciation (eligible for 100% bonus depreciation) for garden-style multifamily properties, and 15-20% for SFRs, unless they are short term rentals, in which you own all of the furnishings and amenities, it's more like 25-40%The cost should be associated with the scope of work of the project in which multifamily or other commercial properties require significantly more work, whereas SFRs require relatively less.

A private money lender is a friend, family member, business associate, referral from any of your contacts, etc. who has funds and is looking for alternative investment options beyond the stock market.

If anyone else is interested in learning where the market could be headed in 2022 and beyond, the Diversified Mortgage Expo (DME) will be a great 2 day event (March 10 - 11, 2022) that will have the VP of Analytics from the Mortgage Bankers Association, Marina Walsh, as the keynote addressing this EXACT topic.

Do brokers hire part-time sales associates?

I currently go to college for my Network System Technology degree.

The list goes on but this is the first thing that came to mind.2. use the Chicago Area Realitor’s Association lease.

That's true for typical recourse debt.But for the types of debt associated with larger deals, it's a bit more complex.

I guess I was not quite aware of the quarterly RMLS/Sentry lock fees and ridiculous annual REALTOR and local association dues.If I decide not to pay these, what are the consequences other than losing my license?

@Chris K.I have one STR in Scottsdale that has a gas heater only, my natural gas bill for last month was over $1200 to heat the pool during guest stays in Arizona to 85 degrees.