The Property I’m looking at needs total rehab, top to bottom.. was just asking to see if it would be beneficial and make sense to restructure it and make it 2 units.. 

That's all before you can figure total costs for the addition. 

They find a total average return of 9% for the period they looked at (1986 to 2014), and conclude:"Each component contributes approximately equally to the aggregate U.S. portfolio of housing returns, so excluding one component excludes half of total returns on average," There is also a helpful graph comparing the breakdown between the two factors in the 30 largest metro areas. 

Totally the wrong direction.

He had 3 things in collection totalling $600 for phone and electric bills but nothing else.

I typically don't include this in my closing costs, when calculating it, however, since these are not real expenses - you will get this money back eventually.You may want to add a property inspection fee and an appraisal fee to your total.

Good and timely topic as we are doing DD on 3 properties (total 385 units) right now.Been using a combination of:- Slack- Trello- Google Docs (and drive)- Dropbox- MS ProjectWill look at Wrike, thanks for the suggestion.

They are both 5 unit buildings that are fully rented totally about $4300 a month in rent. 

Lillie Lee You need a total of 180 hours in Texas, right?

So you'll have to come out of pocket 10% of the total costs.