That would Master of Bull Shi_ and Piled Higher and Deeper 

Syndication is something you usually find by digging a bit deeper.

Purchase price: $185,000 Cash invested: $106,000 Sale price: $394,100 complete interior renovation, merged two bedrooms to create master suite and vaulted ceiling, opened main floor so living, dining, kitchen and foyer all connect, in floor radiant heat (important on lower levels in Wisconsin) and custom vanities and tile in baths.

I am looking to add some square footage (add second level or add on to first floor).

I feel like you have more room to hold them accountable to a certain level of work and have clearer boundaries. 

You're analysis is right from a very high level, but there are many lower level costs that you're not considering, that Bart illustrated.

We were discussing rehabbing our first level and decided to get a line of credit in order to pay for the rehab.

In general though, from a sheer high-level observation, I have been noticing all the real estate apps on my phone notify me of "Price Drops" more often than in the past. 

I use the following method:Pull compsGet potential rent numbersGet a scope of work (costs & to-do's)Ask yourself what a realistic ARV is.Ask yourself what level of rehab it will take to reach ARV target. 

We’re going to keep some of the ccs open just to keep our credit rating at the high level it is now, but not use them (except the occasional putting a large purchase on one to get miles and then immediately paying it off).If those are the family memories that meant the most to you - that’s awesome!!!