They did sent the following description, also through Facebook Messenger (direct copy and paste):"Description of the project :Located in the heart of a huge garden, the Pullman Marrakech Palmeraie Resort and Spa spreads its 252 luxurious rooms where French elegance combines with the oriental style.

A gardener who's wife is a house cleaner went to flea market talked to the street loan persons with $150K stated (gardener) income getting rentals.

Read J Scott's BookSpend lots of time in Home Depot and LowesFind a rehab calculator like the one at David Robertson has on the BP Fileplace and on his website houseflippingspreadsheet.comThen use the homewyse.com website to get some estimates of what the line items in David's spreadsheet will run for your market.

I was going to suggest at your purchase price you might also look into unsecured loans from say Marcus by Goldman Sachs , or if your credit isn't quite good enough for them you can try Lending Club, or loan depot they all do unsecured loans and some will do them with less than perfect credit.Another option is one I'm using now just a construction loan, with a regional bank here.. they are loaning me 60k for a home 30k purchase and 30 for repairs/personal debt.. to lower my debt to income ratio..

I have people that run it down to lightbulbs, each light switch and outlet cover is counted and figured in to their analysis. 17 pages of SKU numbers from Home Depot or Lowes, who they are having lay carpet and the cost they are paying.

The pizza guy is screwed, as it is the uber kid, etc.Will driving back from home depot with parts for a repair be consider "business pursuit"?  

My focus is on BRRRR/Buy & Hold in the outskirts of the Orlando Metro Area - specifically Clermont, Winter Garden, Apopka, Tavares, Eustis, and Leesburg.

Purchase price $ 510,000 Purchase Closing Costs 10,200 Estimated Rehab Costs 5,000 Total Project Costs 525,200 Downpayment (36.9%) 188,000 Loan Amount 322,000 Loan Interest Rate 5.250% Total Cash Needed 203,200 Gross Rents 61,440 Monthly Rental Income 5,120 Expenses Advertising 25 Gardening 66 Insurance 250 Management Fee 512 Pest Control 50 Property Tax 638 CapExpense 512 Security System 280 Vacancy 512 Total Monthly Expenses (55.6%) 2,845 Monthly P&I 1,778 Total Cash Flow 497 Performance Metrics Monthly Cash Flow $497 Cash on Cash Return (ROI) 3.17% DSCR 1.28 Purchase Cap Rate 5.35% Proforma Cap Rate 5.20% 1% Rule 0.97%

Office Depot used to carry them as well. 

This resulted in a $250+ water bill and effectively two garden houses wide open running for 4 days.