You basically go see the properties, use the formula:  ARV x 0.7 - improvement cost - assignment fee would be your offer.

It’s all good and well to advise you to do a fix and flip but if you’re not handy yourself or haven’t started building your team yet then you have some basic planning to do first.

. $50 per apartment and $50 for 2 stairs and extra $50 for two passages $700.00I now know what is basically required to fix the units.

The revenue and expense projections are starting points.

Brough a solution to the seller and a project to the buyer What was the outcome?

Then you could determine how far you want to go with the project vs your capital vs partnering with someone to help make the vision viable.If you want to shoot me a DM we can talk further.

-Have you ever run a project on a budget?

However, I recently picked up this book by Brandon Turner, Rental Property Investing, just to investigate and educate myself on some basic principles of investing into rental properties and house hacking.

Thanks for the feedback Jon.Specs on home:purchase for: 415kclosing costs: 8.3krehab: 16kholding: 3.5ktotal project cost: 442.8kclosing on sell: 11.5krealtor costs: 29kARV: 575k (comps provided in his summary)potential profit: 92kCan you elaborate on your point #2?

I'm not sure I have a great suggestion in regards to best ROI for you.However, I've done projects in Waco and done permitting for commercial projects through the City and know surveyors in Waco as well that may be required if you plat into new lots.