Lets say its $270k and you are financing $220k and it takes a year at 12% thats $26k in interest plus other costs etc.

In the future, I’ll factor in contractor costs more.

We're looking to gather info about likely cost, pitfalls, time required, considerations when obtaining financing, etc. 

I want to be able to do a cash deal to get a lower price and avoid all the cost that go along with a lot loan, fees, points, etc.

When a water heater breaks at 9pm on a Sunday I get an email saying it happened, it’s been fixed and it cost $1200 give or take.

These cost-effective renovations made the home more attractive to buyers and increased its market value.

He told me that without installing a sump pump system (at a cost of $12k), the foundation will continue to deteriorate, which could eventually lead to bowing basement walls—an issue that could cost upwards of $50k to fix.The inspector asked if the previous homeowner disclosed any water damage.

The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender. 

The last deal I did like this, I bought a $145K home with about $10,000 out of pocket for repairs & closing costs

The larger the purchase price the greater the spread you need between purchase price plus holding costs plus rehab cost and ARV.  40k projected profit on a 600k project is too skinny for me.