@Trevor Dominique Another thing to consider is that you could do a 12% flat interest rate (seems to be standard for HMLs) That way if you are paying 7% annualized on the money in theory you could do two deals with that money over a year spread.

Some costs I certainly overlooked on my first flip: Reatlor commissions (3% if you flat fee list yourself) is 7,800.

Even without that value add, your taxes will not stay flat for 5 years.

General contractors may have some knowledge, but it would be more limited to building codes, not approvals for development.In terms of cost consider the following: Land - apart from zoning, is it flat, sloped?

I would think this trend is contributing to rents staying flat as it's harder to increase rents dramatically on renewals than with turnovers.

Negotiated concessions and sellers ended paying for around $14,000 in repairs and updates (Electrical panels, fixed deck, fixed broken sewer pipes, ect.)

When you checked voltage at the breaker, you took the cover off of the panel and measured from the downstream side of the breaker to neutral or ground?

We can't find deck boards, treated lumber or fence panels anywhere.

No way your expenses stay flat year over year.

I have flat out refused to contact people back based upon their social media.