Good "mid-day-coffee-break staring material".  

Hey guys, this deal never materialized.

Can we depreciate the conversion costs (materials or materials and labor)? 

I have a unit to renovate in boston and wanted to know labor cost (including only rough materials typically supplied by the contractor) of1) a averaged sized kitchen remodel (i.e.

My plan is for us to provide materials and allow the contractor to do 'prep' and the labor installation.

Don't get upset when, after buying construction materials for a home in a $20K area, if things like job-site-theft occur.

All of these add on to the total amount due at foreclosure sale.I doubt there is anything substantive out there that gives you any material cost of an individual foreclosure by state but who knows!

So vacancy estimate would be $5536 but this doesn't materially affect the cap rate -- assuming of course that your expense estimate is correct and thats an if.

It is a mathematical fact that if you are buying a rental property in any city where the monthly mortgage payment exceeds monthly rental income, or where mortgage payments along with monthly expenses exceed monthly rent, if any of those scenario applies, a down payment would be only other material method to avoid a negative cash flow situation.You let the investor worry about his gamble on the market going up.. thats not your problem.

For a CM there are other services- contract negotiation, construction scheduling, materials management/ delivery, etc.