Well Lee Arnold was the guy connected with this Coach Dave who was to supply the  f laced Lending for the flips.

As a nonprofit solicit free supplies, labor, leftover contractor supplies, paint to fix the property. 

The properties is class C and neighborhood class BTotal building square footage: 48,513 sq ft,  built  in 1947 Listing Price $1,800,582.5 0.095 OPERATE INCOME Annual % RENTAL UNIT INCOME $363,504 0.05 Vacancy 5% $18,175   GROSS OPERATING INCOME $345,329     OPERATING EXPENSES   Advertisin $272   Trash Removal $1,320   Management 8% $29,080.32 0.08 Supply $16,611     Landscaping/Snow Removal $1,866     Replace/Repairs/Supplies/Maintenance % $30,825.14 0.0848 Water/Sewer $19,214   Utility House Gas/Electric $10,924   Real Estate Taxes $54,100   Insurance $10,061   TOTAL EXPENSES $174,273   NET OPERATING INCOME $171,055   LOAN WITH 20% DOWN $360,000 $1,800,000 DEBT SERVICE (1) ($97,524.99) 0.2 DSCR $1.75   CASH FLOW $73,531   CASH ON CASH RETURN 20%  I add 5% for Capital expenditureand vacancy rate to 10%, now the Price about 1.5M VALUE $1,494,473.9 0.095 OPERATE INCOME Annual % RENTAL UNIT INCOME $363,504 0.08 Vacancy 10% $29,080   GROSS OPERATING INCOME $334,424     OPERATING EXPENSES   Advertising $272   Trash Removal $1,320   Management 8% $29,080.32 0.08 Supply $16,611   Landscaping/Snow Removal $1,866   Cleaning/Maintenance   Repairs/Supplies/Maintenance % $30,825.14 0.0848 Water/Sewer $19,214   Utility House Gas/Electric $10,924   Real Estate Taxes $54,100   Insurance $10,061   Reserves/Replacement 5% $18,175 0.05 TOTAL EXPENSES $192,449   NET OPERATING INCOME $141,975   LOAN WITH 20% DOWN $300,000 $1,500,000 DEBT SERVICE (1) ($81,270.82) 0.2 DSCR $1.75   CASH FLOW $60,705   CASH ON CASH RETURN 20%  ThanksLong Khang

Once all the apartments are done being built, we will have an over supply of available apartments.  

I live in Philly (this is true of most places) and as folks who live in the area may know the Restore is a great place to pick up building supplies at deeply discounted prices. 

Overall the market has less than 30 days supply.

There is an endless supply of books, pod casts, guru info training classes etc. 

The rehabber can get a home depot line of credit (or similar) if they don't have funds to buy the initial supplies. 

@Collin S.You are entitled to a deduction that is ordinary and necessary(and reasonable) to your business.Real estate taxes, mortgage interest, insurance, repairs, airbnb commission, cleaning, supplies, depreciation are going to be your key deductions.

Smart investors whove been there and done that, are always saying “look at the supply and demand.”