I do have an early termination fee, but that may not actually cover the time from lease signing until move in since the lease says it starts in some future date...again that's why the fee agreement is included with every lease. 

It sounds like the property needs a significant amount of rehab at around $80k total, and it may end up costing more than you're projecting unless you already have contractor estimates?

The revenue and expense projections are starting points.

Future appreciation is very likely and personally, I'd like our business to capitalize on that appreciation.We initially looked towards investing in Charlotte, NC.

Brough a solution to the seller and a project to the buyer What was the outcome?

I think that roof design will cause you future grief. pass.

Then you could determine how far you want to go with the project vs your capital vs partnering with someone to help make the vision viable.If you want to shoot me a DM we can talk further.

Expect more posts in the future that will be shorter and have more specific questions!

I've paid the contractor $12,900 for 50% down payment of the project in July, and the other 50% are due after the rehab is completed.

-Have you ever run a project on a budget?