Don't forget to bake in the cost of utility connections and meters (water, sewer, gas, electric) as well as permits.

If you were to make it a habit, the CRA will catch-on fairly quickly.3) If this is your first extensive rehab be prepared (secondary projections) for things to take 2-3 times longer than you think up-front (this is part of the cost of education).  

Also, I really have been utilizing all the materials this site has to offer but there’s so much I’m not sure when I’ll get through it all!

I am closing on a multifamily property next month, i am planning on living in one of the units during the month of June to do an extensive rehab on the unit.

Even lease is up, ask to sign for 3 months extension, likely landlord will agree. 

I've had great success working with out of state investors such as yourself utilizing the BRRRR method here in Memphis. 

@Dennis Solari You are going to have to run the numbers on any property you might be interested in.Then you need to look Vrbo and Airbnb and see what properties are renting for and how often.Put all this in a spreadsheet and add in utilities, furnishing, consumables, cleaning, PM (unless doing this yourself), yard maintenance, house maintenance, tax and insurance and see how the numbers shake out.

It's hard for me to imagine pet damage that extensive though.I'm wondering if the smell penetrated into the insulation behind the walls at the lower levels and if it's getting into the new / cleaned areas and "reinfecting" them?

Want to up my game.Started searching college towns, commuter towns outside of Boston (Manchester,NH , Providence, New Haven) trying not to be fearful of leaving my comfort zone ( Boston) which is highly priced as you know.Well, I found I very quite town in NH , nothing special about it , no big business, no huge draw but the population is holding its own, low crime...just a quaint town.This particular property is 8 unit with 6 add'l storage units & 2 garages ( those aren't bringing in revenue as of yet, not utilized) All are in good shape, not worn or old. 

. - I am trying to utilize as many financing options as possible so I do not deplete my cash reserves.