Most would say it's impossible to know.Since all properties are different, and more important...all markets are different....It depends on...what happens in the country, north, south, east, west, central, etc...for the exact same house, it can and usually is very different.However, I think I have developed a recipe for this, through a painstaking process, over many years of trial and error.  

Curious of everyone's thoughts, we weren't planning on a vacation home for another 3-4 years but if that's the case I think we'd be crazy to wait.While I must admit, I have not read any of the other posts (I'm exhausted from grinding + having 2 kids under 4 in a tiny apt), so this may have already been touched upon.Out east, the rental market has gone crazy with people trying to escape NYC. 

Find an attorney that will help be the trusted middle person to make sure all the money goes were its supposed to go. 

Obviously, we are in the middle of an interesting time and I want to make sure our financial model is modeling everything conservatively.

I would think that would be a big negative for many.The only place I see big revisions like this is in more expensive houses...often the mid-century type in North Dallas where there was formal living that many won't use any more...so people knock down a wall and open up the kitchen.If this house is in the older part of Mckinney East of 75....what is your target market for end user?

It's the same treatment I get from my mortgage lender, my insurance company, my cellphone provider, and any other professional business.Treat this like a friendship and you'll eventually find out your renters do not see the relationship the same way.Nathan my classic was a young couple had a baby in Indiana middle of winter they say they cant afford rent and the heat can they skip two months and make it up over the next year..

If prices drop by 20% while you're in the middle of rehab, will you still make money?

You can try a value dispute to support your offer, and maybe the lender will come down in value and you can come to a middle ground for both sides to accept your offer OR, you have to back and let the listing agent do their job and get a buyer in who will pay what the bank wants.Get your license and get a referral fee if you brought the parties together. 

Oh by the way, I hope everyone is staying safe in the middle of this epidemic....

Purchase price: $169,000 Cash invested: $8,000 Nice Family Home Located In Beautiful Stone Oak Great Kitchen With Island, Built In Microwave, Refrigerator, Plenty of Cabinets* Mahogany Solid Wood Front Door * Beautiful hardwood Flooring* Large master With Huge Walk In Closet* All Bedrooms Are Spacious* Water Softener* Excellent Schools w/ Lopez Middle School Within Walking Distance* Deck Overlooks Fenced Yard With landscaping** Shopping, Restaurants Close By What made you interested in investing in this type of deal?