Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Purchase price $250,000 and based on my initial estimate, renovation cost will be an additional $250,000; $500,000 total.

The re-fi will be at market rate at the time of closing, I got an estimated 4.75% but the actual rate will be locked after rehab at the prevailing rate in the market at the time. 

I attempt to estimate my tax bill every year and I am ALWAYS wrong.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

As a starting point, use the 50% to estimate rental expenses and see what kind of numbers you come up with.

With that trust broken, will you trust her when you get a large repair estimate?

The workshops cover various subjects from financing, wholesaling,, estimating repairs etc.Dallas Real Estate Investors Group http://dallasreig.com/ This group meets once a week on Saturday during the lunch hour.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

After the work is done the ARV of the house should be in the $139K range which would give me a profit of around $25K (I am estimating 4K in closing and silent costs).