I underestimated the costs of furnishing from a blank slate, so now know to include more expenses in my upfront cost estimates.

While the property requires renovations, inspections and estimates have been completed, and construction is now underway.

Estimating material costs is easier but the labor is tough.

Also, what do you mean by “tax free” gain, and did they provide you with estimated appreciation numbers?

I would start by getting a foundation guy there to give you an estimate for his repairs.

Purcahse price: $285K (off market), $225K estimated reno.

**Estimated Timeline**: The whole process, from RTA submission to HAP contract approval, can take about 3-6 weeks.

So far I looked in Idaho, specifically Boise and Nampa but property prices are a little high to have an LTR make sense and while Nampa has better Cost Seg estimates than Boise it also seems a lot less desirable for both STR and LTR.

At least 2-3 times each week, I get a referral or lead for someone wanting to buy an investment property with 5% down that cashflows $23.00/month with an insurance estimate that is half of what's realistic.

Estimated time to complete 6 months.