Congrats on starting shop in KC @Brandon Toron!

You would pass water, electric and gas on to the tenants so you can exclude those from your analysis.For insurance, call an agent in your area to get an estimate or use one of the numerous online comparison shopping sites (you can get a quote without owning the property).

You don’t want to be two months down the road and still shopping for towels, which we’ve seen happen every time someone who hasn’t designed hundreds of rentals says “I can do it for less”.

Your best bet is likely going to be to get a lender that does both hard money for BRRRR purchases and the refinance loans as well (all in one shop). 

Why did the other group close up shop?  

I have a friend who runs a dive equipment shop and he puts all his computers as business expenses because he manages his inventory and orders through the computers.

Make sure you hone in on your value proposition to not just the deal but the team as a whole and try to chip in something, even if it is fairly minimalIf I was the money partner in your scenario, I wouldn't partner up with someone who is bringing just the sweat equity without some sort of substantial skin in the game since it is far too easy in a situation like this for them to leave the other partners holding the bag if the project goes sideways

@John Fedro has done it several times and he has really proved to be a first class source of answers and encouragement as we set up shop.

Together we are a 1 stop shop and a rarity due to our experience in the real estate business.

Start shopping for that long term financing now to know who has the shortest seasoning period and all of their qualification processes so you know whether or not you'd qualify before to get into any deals with a HML  Do not estimate your ARV on a deal.