Its called a "look ahead schedule".The key to building a good schedule is knowing the information and the sequence the work must take place in.

Look at it as an opportunity to get ahead.

I decided not to go ahead with the deal but alot of useful information has been offered by many of you.

I saw a few higher comps that may lead some to push the arv: 956 N Chester - Sold for $182.5k ($133/sqft), 607 N Chester - Sold for $165k ($130/sqft)(2 baths though), and 520 N Bradley - Sold for $170k ($113/sqft)(also 2 baths).

First things first, remember it's a marathon, and you are getting such a head start that, in the long term, you will be leading the pack no matter your pace!

. $900 seems low for a 3/1 so I think that can be pushed up. 

Get a good attorney to draw up your LLC and spell out what everyone does and how you can push any of you out when they underperform.

They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

Thank you so much and Happy Holidays ahead as well.

Just remember to always keep your client's interests ahead of your own, be transparent, and keep investing and moving forward!