In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.

That is, the rough percentage of the investments you make that end up costing you? 

Once you have a few under your belt and are confident on renovation costs, have your team in place, etc., you might roll those dice.

What tool can I use to track the costs of this total project to see if it makes sense ?

I'm wondering if it's worth the crazy labor cost to pay someone to do the work, or if it's a project I could do myself.  

Generally not optimal for maximum ROI but for offsetting second home costs. 

The Motivated seller house is valued at 254,000 I offer to  am offering  to purchase the house at 75% of the appraised value which is $190, 500 and  pay closing cost of $ 7620 which is 3%.

Late fee is considered reasonable if it is not more than 12% of the rent for the rental period under the lease for a dwelling located in a structure that contains not more than four dwelling units or 10% of the amount of rent for the rental period under the lease for a dwelling located in a structure that contains more than four dwelling units or the late fee is more than the applicable amount but not more than uncertain damages to the landlord related to the late payment of rent, including direct or indirect expenses, direct or indirect costs, or overhead associated with the collection of late payment.A late fee may include an initial fee and a daily fee for each day any portion of the tenant's rent continues to remain unpaid, and the combined fees are considered a single late fee.

How did you pay for the down payment, holding costs, and repay the contractor?

Breaking the lease without the legal justification may subject the tenant to payment of the remaining rental fees, damages and cleaning fee and other costs indicated in the lease agreement.