And, of course, you would also factor in the cost of any additional loans you take out for construction costs if they're not included in your mortgage note or financing charges for the purchase of materials you put on a credit card if you go that route.

Huntsville wins 500 jobs building America’s next-generation missile defenseGreat article.

You can also use FHA up front and then fund the rehab with credit cards, which is a little more risky but not that bad.

I’m closing deals on the beach, it’s a win/win!

If it takes us 2 weeks, we win (a little - turnover always costs money).

Joe is also correct that paying off as much debt as possible is imperative, especially high interest debt like credit cards.

Need help to grow a winning team.

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The fact that you unquestionably believe this to be likely shows your lack of experience in this market, and makes Q1 and Q2 even more important.All in all, in skimming over these important points to plug numbers into a calculator, it really, really sounds like you're building a house of cards on a very questionable foundation.

As Caroline stated, tax cards are often wrong because the homeowner can provide that information.