Modern day HML's who work with real estate investors assess a property based on it's ARV, which allows borrowers to get capital for the entire project.For example, if someone is purchasing a property for $100K, renovating it for $50K and expected ARV (After Repair Value) is $200K, then a lender may approve a loan for $150K.

I always spend $125 to have a professional come and take my listing photos unless the listing is a house in need of repair, which yours doesn’t sound like.

However, we want to refinance right away, pay off the LOC + repairs, and take some cash out to purchase more properties (BRRRR method). 

I also factor the insurance, hoa dues, garbage collection, snow and lawn, utilities, advertising, maintenance/repairs, CapEx, and property management.

Hello to all....i have been searching for a home since about December. My partner who has the majority of the money is flaking. Leaving me to make a move that i am not sure i am ready to do. I've got about 10k and wan...

The 203k consultant will basically set a reasonable timeline for the repairs to be complete.

What’s the after repair value?

I have done flooring, tile patios, hot water heaters, masonry work, molding and concrete work on personal projects so I know some about cost of repairs and timelines of projects (Always over on both from my experience).

If I were a betting man, I’d guess that opex would be closer to 50% given a lot of expenses are fixed (lock change, carpet cleaning, owner paid utilities, appliance repair, just to name a few) regardless of a unit renting for $500/month or $800/month.

You'll lose your money to turn over, repairs, and increase your risk of getting taking advantage of.