Obviously cutting into profit.

As a flipper, you are trying to control your costs to maximize your return on each deal.

Hi,I'm new to seller financing but am looking to get advice from someone who has done it before and has a clear-cut process.

You can also arrange to get the materials yourself and shop around for better pricing, which can help keep costs down.

They also mentioned their would by extra cost on their power bill “which they are responsible for” from having to run the well pump for an hour or 2 to shock and flush the system!

That means the -ve cash flow will be my housing costs. 

AND textured for $2,000.Drywall guys like to tell you that texture costs more, but keep in mind that it actually costs them LESS to provide texture.

The insurance company may cover some or all of the restoration costs.Scope of Work and Budget:Detailed Inspection: Get a comprehensive inspection to identify all areas of damage, including hidden issues like electrical, plumbing, and HVAC systems.Cost Estimation: Obtain detailed cost estimates for the restoration or rebuilding process from licensed contractors experienced in fire-damaged properties.Environmental Hazards:Asbestos and Lead Testing: Older properties may contain asbestos or lead, which can become hazardous after a fire.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

While you could be responsible for part of the cost, you should only be responsible for the worth of the depreciated door.