Title company should be able to estimate maximum potential tax liability, pad it a bit, and escrow a reasonable amount to cover the amount eventually determined to be due.

If I understand it correctly, next time: use private money @Randy Thomason(silly me thought HM would be quicker and easier than making those private connections), budget for at 35% DP and work with someone that only relies on a BPO (that way, you know the person estimating market value knows the area--- I added that!)

I have seen OOS turnkey providers cash flow estimates ignore cap expense with the excuse that everything has just been rehabbed. 

Important thing in the beginning is to accumulate stays and get great reviews.My two cents. 

I am looking for recommendations for a good GC in the area, that could estimate rehab costs and bid on projects.

I am looking for recommendations for a good GC in the area, that could estimate rehab costs and bid on projects.

It will need some cosmetic rehab estimated at $20k or less with an ARV of $310k.

As you accumulate positive cash flow on your schedule E (not your projections) they will ADD to your DTI not subtract.

As such, you need to allocate payments property between personal expenses and business expenses depending on if they were directly or indirectly related to the rental unit.It will be difficult for anyone to estimate what your tax filing fee will be as no one knows your complete tax profile based on the information provided.

View report*This link comes directly from our calculators, based on information input by the member who posted.I put an estimate of 90k, but I was told today by someone else to start at 65k.