Hard money loan calculator is a free tool provided by Kansas City Investor Funding LLC.

Normally, your rehab costs are capital improvements that essentially get tacked on to the cost basis of the home and then depreciated based on your depreciation method.i.e. purchase is 100k. rehab is 50k.

Use the tools.  

I have been impressed with some of the items under the tool bar, file place section, and I have a blog piece on cost plus versus fixed price in a blog; plus one on scope of work, both just descriptive  background...

This essentially will have you declared by court order to be the owner of the property and will allow you to get a warranty deed. 

But am I wrong to think that I could buy rentals and essentially have the tenants paying the mortgages and say in 15-30 years when these properties are paid off and I'm closer to retirement then I would start capitalizing on the monthly income.

If I had some more cash I could handle it... but don't want to touch our rainy day & retirement funds.So essentially I want to set myself to be more aggressive on future deals by using cash offer possibly and saving money and time - some of these opps are cash only offers properties too and I could do those which I cannot right now.So I am starting to think maybe I have equity I should be using in another rental we have had for seven years. 

@Aaron McGinnis Exactly what I thought it will be, another useless tool that app developers think works. they are always a dreamer, hoping for the next best thing.

When I used it as a tool for investing I felt obligated to pay.

Great info under the education tool and in the blogs (even one I did in an interview by sc Clemson alum today)..