Hey @Cee Wright, I would also recommend speaking with @Jonathan Klemm who runs a group that is highly experienced in renovating/remodeling in the Chicago area.

I can see how this might not apply the same way in high priced properties  but down in the cheaper properties it matters a lot.

The outcome of the Dolphin Road deal in Titusville, FL, was highly successful.

Or this could end up being the dream home after all rehab is completed who knows?

This means that as long as the sellers’ title is vested correctly then I should be clear to deliver a warranty deed when the borrower completes their end of the CFD agreement.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly. 

The Hazel Green area definitely has a lot of building especially by the high school on 231/431 that is diagonal to the Walmart SuperCenter.Hope this helps.Jeff 

I don't believe the seller can back out of the deal in the end, but you could have a clause that you get back your payments and sweat equity, through some split of the ARV, if for some reason they "change" their minds. 

STR management is a highly local, hands on business and their business model just doesn't make sense.