I plugged one of these (https://goo.gl/aMtM7K) into the rental analysis calculator here and it would require a $73,000 down payment.

Your $85/SF construction cost is sky high for a project that brings $0.79/SF rents.  

I keep convincing myself to go the other way every time I think I'm close to deciding and don't want to get stuck in "analysis paralysis."

Project is a 3 bedroom house.

This info will help me negotiate with the seller and help me decide if this is a project that I want to pursue.

The CMA of the property would be around 430k-450k looking at recently flips homes close to the property (not counting the extra 400 sq). we talked to other investors and came with a rehab cost of 50k give or take, again this is our first work so we might be off by more than we would like to. the Owner of the house seems more than willing than to finance the project 100% by either using his business credit or even taking a HELOC on the property we are flipping.

We currently have two mixed use construction projects going on, a 4 plex we are renovating and close to 100 units we control/manage as well in the city.

Please inbox me for our website/info please feel free to give me a call and I may can help you with your project and we can help with your flip and ideas at a reasonable cost. 

Now that I'm doing it full time, the need to be more organized with costs, contractor and materials scheduling etc. has become apparent.What software are you using to project manage your rehabs/flips?

Hey guys, I've posted a few deal analysis reports on properties I've found on the MLS or from an agent OOSI've gotten a lot of "don't do turnkey" which I'm sure is good advice generally.My question is though, if I find and buy a property on the MLS after making lots of offers and getting what I consider to be a decent deal, and then I find a property manager to manage it... is that turnkey?