Know the trends, the costs per project and needs of the buyers there.  

So if the project cost is 170k including purchase and rehab and you can get 180k value after then does not work as a fix and flip.As a rental, let's say you have a 30 year DSCr with a loan amount (180k x 80%) 144,000. 

If it is not completed by a certain date or certain cost etc. then you can take over the project.

The annual insurance cost of $300 is way too low, I'd add another 0 to that.

I wrote this out pretty quickly so there may be some details missing / closing costs etc but looking for some feedback on what others have done or would do here.  

Get plans drawn and get estimates from subs to get a total cost price for property.

quinoa vegetable soup, and it was was filling (and dare I say, cheap.. must have cost me ~$3.50 for all the ingredients).

So it essentially increases the cost to the buyers by 2%? 

I was thinking I can use those funds for the down payment and closing costs for turn Key properties in Ohio.

Hi Charlie,We can actually use the purchase price + completed rehab (Total Cost) as the value and lend you 75% of that right away.Happy to connect!