If I rent to travelers I will need to have it fully furnished, which I estimated would be another $10,000 to $12,000 when you figure everything from wash clothes to beds and couches.

I will be looking for the best mold professsionals to give an estimate/identify the cause.  

Add the estimated cash flow from the future multi-family and the lower cash flow from the current property after the refi and (presumably) higher rate.

Rough estimate is about $9,000 remodel.I plan to hold these properties for the long haul, at least 15 to 20 years, unless I do a 1031 exchange into something bigger/better. 

Anyone have good contacts I can connect with to discuss potential project designs and corollary estimate PSF construction costs in the current market? 

It's also important to estimate repairs correctly.

@Michael CavitoloUse the FHA loan to buy the best 3-4 Plex you can and live in it.An example I recently saw someone do.Price280kConcessions2% of closing costsVarious small repairs $700Roof repairs $1650Cash to close $4500Renovation costs estimate $9000 (if you do the labor yourself) ($23000 if you pay a contractor)Setup4 1 bed 1 bath units Current rents $500 ea unitMarket 750-950 depending on renovation levelInterest rate 2.325%!!!!

I'm still analyzing markets in my area but what is a good estimate of how much capital I should have before I go all in for my search for a multifamily.

I am estimating around $50,000 in work. 

We’d like to get a 3bd place (I work from home and there’s a chance we’ll have a second kid).Savings Rate –If we limit our housing expenses to $5k/month, I’m estimating that we’d be able to save approximately $80k (inclusive of retirement, college savings, and taxable) a year plus 100% of any bonus.As I said curious about anyone that has been in a similar position or more generally any thoughts on what you'd do in our position.