It's always best to start with simpler deals and scale into larger scale rehabs.

I have done small flips and rehabs over the years and mostly a buy n hold type of investor.

Please find some details belowAcquisition fee - 5%Asset management fee - 3% of gross incomeconstruction & oversight mgmt fee - 5% of rehab budgetdisposition fee - 1.75%guarantor fee - 2.5% of loan amountPref is 10% with 60/40 split unto 15% IRR and 50/50 there on.This is my first deal in the RV space so not sure what's the norm, so would really appreciate some guidance/feedback. # of fees looks standard but the % are slightly higher than what I have seen in the past (1-3% being normal).

Fourth, we wouldn’t need to take on debt to make the purchase and we’re comfortable with the costs and management of the place given our history with it.If we buy out the relatives, we would likely pay around $295,000, which we have available now.

You would be exposed to doing work without a permit, the cost of the actual permit and, worst case, having to rip it all out and have a licensed plumber/electrician do it again.I've heard most municipalities around my area no longer charge the work without a permit fine.

As such, we opted for the deed in lieu strategy in order to minimize cost and uncertainty while speeding up the timeline.We began working with the borrower to negotiate terms of the deed in lieu.

Given Austin's competitive market, ensure your savings align with down payment requirements and closing costs for multifamily properties.

The annual insurance cost of $300 is way too low, I'd add another 0 to that.

PS - I'm looking at building one myself, so happy to let any of y'all use it (at no cost) if you would like to chat.

Even if you aren't ready to buy, it will give you so much insight as to what properties are in what areas, how much they cost, etc.I'm an agent here in Pittsburgh and I work strictly with investors.