With this arrangement I am assuming you are going to be putting in some nice hardwood trim and are going premium on all the materials.The numbers don't sound crazy,  the details just sound to vague.

It's woods and pasture , not houses.

Hey @KENDA BELLIm not an expert or lawyer but I have spent some time looking at the Baltimore Tax Sale1) No clue2) You pay the lien amount (the stated amount, including fees and previous interest) as well as any High Bid premium you come up with. 3) We have a plan in place to secure Private Money (I have several wealthy friends, not HML) to finance any foreclosure. 4) Not 100% but I'm pretty sure there are no issues.

The missing expenses are things like maintenance, replacement reserves, legal and accounting professional services, realistic vacancy factor, realistic insurance premiums ...

Is any of the wood or building material salvageable?

They also don't insure LLCs, they insure me with the LLC named as an additional interest on the policy... which is probably fine but who knows.Anyway I have also been having issues recently with the carriers conducting their own inspections and then randomly determining that repairs are needed (USAA cited that the gutters on one of my properties needed to be replaced so they cancelled the policy pending a licensed contractor to do that), their coverage for the houses seems to vary, and the premiums are really quite high to be honest.

You are still having to come out of pocket to cover your living costs, however, maybe less so than otherwise.The best thing to do is to pencil out the numbers in two scenarios: 1) renting a place to live while investing an another market to generate cash flow and a good rate of return; compared to 2) the amount you save from renting out half a duplex and living in the other unit.BTW: Coincidentally, I've been selling newly built duplexes and four-plexes in the Fort Leonard Wood market for over 4 years.Feel free to post any other questions.Continued success!

If you're doing a turnaround project with greater uncertainty and skill required to achieve the upside that should command a premium when determining the yield required on the equity.

Unless you intend to restore wood windows and other specific elements you might want to skip this.

A wood-worker friend- of-mine, who makes stunning projects, said it right, "I don't have any special skills, I just buy the right tools."