That does not mean it might not have a place in your business model but it should not BE the model.Buy and hold is the only strategy that fulfills the goal of financial independence through real estate investing.

And what is the business model behind Facebook at Work?

I'm submitting an offer today in South Jersey and ...my scope of work is a bit different than yours but I'm budgeting 50k for renovations. 3 bed 1.5 bath rancherNew RoofFull mold remediation in one bedroomFull basement demoAdd 4th bedroom and full bath to basementFinish rest of basement, including can lightingRefinish hardwood floors on main levelNew carpet in bedrooms.New KitchenNew AppliancesFull renovation of full bath Replace a few windowsReplace several interior doorsClean pool Basic landscapingRemove old shed and add a new one.If I am able to go under contract I will need to bring contractors through the house to validate all of my pricing during my inspection period, but I built my cost models by reading J Scott's book and then spending a few hours at Lowe's and Home Depot researching material prices at the low, medium, and high end. 

@Jake Gaines If you can share your business goals, perhaps we can assess your situation and determine whether the S Corp or LLC is right for your business model. 

From the time we signed the contract to closing the build price rose more then 15k for the same model and things looked great.

Hi Manolo, I have read J Scott's books and have reviewed them many times when creating my business model.

Not all policies are created equal.I think you are making a mistake by not taking a close look and understanding the business model.

I feel like flipping cars requires far more specialized knowledge of markets than RE and the whole idea of fixing up vehicles yourself is opposite of 10x models.

I tried to model the scheme as simply as possible.

Buildium is sort of following the same model with tons of investment money and overseas development.