There are a few other major items but if I listed those someone might steal my idea, and I wouldn't want that.  

Use half that for capex.Management is going to cost at least 10% plus one month's rent lease-up fee (although we don't use this model, all of our competition here in Columbus does).

Just my own business model.

When I found a local lender that was willing to work with me I made sure I scheduled time for a face to face visit to explain my business model and further cultivate our relationship.

I'm not entirely ignorant of Real Estate, I just need one break to prove this fact.I want to have a home locked in before I arrive with all of my household items and no house!

I’ve saved well (nothing to spend money on here), but I don’t have a car, clothes (other than what’s in my backpack), or any items in storage.

The cost per sq ft is not accurate enough to kill the deal.It is used, as you are as a starting point for consideration.I suggest getting some hard numbers quoted on the big ticket items ie, HVAC, plumbing , and electrical and the rest is relatively cheap.Pricing per square foot works better with new construction, anything can happen in a rehab.

Expect higher then normal maintenance b/c the tenants here tend to call you about everything and if you don't fix the items, they will call the BBB and make ludicrous online post.  

Lesson Learned: if it doesn't serve a purpose in your life, let it go early, move forward, and gain ground on purpose.Now, I find myself wanting to get serious and work a wealth-building model that will create wealth through passive income and long term asset growth by solving problems and meeting needs.My high level business model consists of flipping properties (wholesale & rehab) to generate cash down to purchase commercial and MFR properties with reduced financing balances to generate long-term positive cash flows.

What I would do is get a licensed GC to view the properties and give you a line item quote to do rehab on all unit, and the outside, and bundle that into your loan/cost, then move fast!