Thanks everyone, Its our local credit union, we have a decent relationship because we used them on our last project.

Altogether, the project is going to cost around $75-80k.I plan on refinancing and renting the property after rehab for somewhere around $1,500-1,800 a month. 

The extent of the rehab project is dependent on many factor, including (but not limited to): Deferred maintenanceAdditional rehab costs to capture increase in rentsTarget demographicsNeighborhood dynamics (including comps)How much repairs and maintenance a building will even allow?

Beam, Post tension, driving piling, bell bottom, floating, pier and beam...Make sure you have a foundation company that is proficient at the type of project you have.I am no rookie, and I have had major issues with 3 (BBB accredited) business's this year who claimed to be experts in foundation work. 

Which scenario makes more sense, with $75K cash available:1) put $25K down on three separate SFR (in the mid-west) all priced at approx $100K each, that generate net cash flow of about $300 each = $900 total cash flow per month, or, 2) put the $75K down on one, nice $300K home, in a rapidly expanding market (LV, for example), in order to take advantage of the projected growth in the housing market over the next decade, even though there would be minimal, if any, cash flow while renting it out in the meantime. 

You also may need to do some projections as well.

There is one part of this project that has me stumped on rehab estimates though, the basement.

It may be right a "project". 

The lower percentage is for lager projects $10M +.

I didn’t pull any permits for this project, figured I’d jump in get going an ask for forgiveness later on this project since It was the first one and I was kinda feeling it out being the first one.