I  have closed 2 deals (both being in the SC area) and I am really wanting to dive in and average one deal per month vs one every 3 months. 

I want to know the cost to design and build  (3 bedrooms 2 bath) two 10 units   5 up and 5 down building in clairmont, Florida and how many square foot of  land i need, I got a group of investor to get this done Average rent depending on design, 1400-1750.

Here is an example using the numbers for one of our average deals this past year.Purchase price 62kRehab, holding costs, closing costs 19kAll in 81kARV 90kBank Loan 67,5002nd position investor 10,000.We sold property for 99,900 on a 5 year option with an option fee of 3900.Our total into the property about 2,000.Rent 895Bank loan 434Taxes and Insurance 81Services 34Maintenance 0 (The property is renovated and the tenant is in charge of fixes)Vacancy 0 (The tenant has a 5 year lease with option to buy)Cash flow to investor 92Cash flow to us 254We don't budget for maintenance or vacancy because we use the lease option model and if the tenant does break the lease early we will just fix up the property with our own money and we will replace the money used with the new option fee from a new lease option tenant.  

On an average property there can be anywhere between 10% to 30% of the depreciable cost basis that would qualify for bonus depreciation as either 5 year tangible personal property or 15 year land improvements.

Currently lives in Connecticut, travels for training.It takes about 1-3 years on average to complete the designation program, some people taking 10 years.

@Brian Burke was this a white label product or did you guys hire developers and have it custom made?

I will put the excess cash in a safe product (CD, Money Market account, etc.), so you don’t risk your funds and can access them when you find your next property. 2.

I make better income and have much more control over my life than an average 9-5 employee, but further growth is difficult. 

Hence, the restrictions (valid IMO) in place (always paying mortgage insurance) will not be optimal if you make an above-average salary. 

Hello All,I have been identifying properties in the Richmond area that I might consider purchasing but wanted to see what the average cost of certain critical factors were.