@Dan Heuschele if he is intentionally proving the door open, send notice that intentionally leaving the door open is a lease violation and attach a fee (if legal in NY).

.### Calculate Remaining Loan BalanceThe formula for the remaining balance \( B \) of a loan after \( n \) payments is given by:\[ B = P \left(1 + r\right)^n - \frac{X \left(\left(1 + r\right)^n - 1\right)}{r} \]where:- \( P \) is the principal loan amount ($215,000),- \( r \) is the monthly interest rate (6.75% per annum / 12 months = 0.5625% per month),- \( X \) is the monthly payment amount ($1,394.49),- \( n \) is the number of payments made (60).Let's calculate the remaining balance after 60 payments.

I am also being advised that I should expect to pay between $25,000 - $30,000 in total for permits and fees including the $18K referenced above.  

I’ll start out.....My first hard money loan I took out September of 2017. 12% with 3% points to the broker at the table. 1 year with extensions available for 3 months with 1% fee.

That $40k to $50k in fees is the same if it's a $2m loan or a $20m loan, in this case $41k / $2.36m is the same as 1.7 points (but would be 0.2 points on a $20m loan, you can see why it's enticing for the bigger loans).

A contractor should be able to put together a box in about 15 minutes each...I would say a days worth of labor ($400) needs to be factored into the cost for a RTA kitchen if you really want to compare apples-to-apples to a pre-assembled cabinet.

We took this approach because even though the house is an STR it is also one we want to use as a family a couple times per year, and we feel we have our own personality as hosts, so we were particular about what we wanted. 

GC takes 35% cut but and they take a 1% fee going in a 1% fee management and a 1% fee going out.

(I know COC ROI >= 12% and cashflow of $100 per unit at a minimum) Is there anything else I should hone into?

I am trying to not throw a ton of cash into the fees as I’m already about 12-20k deep in.