The rules say 35k but they require a percent to be reserved in case you go over budget so that is where the other 5k goes. 

It's an expensive project and would like to keep it very budget friendly so curious to hear thoughts on the best method to hire architects / contractors.

Hey Jeff,Thank you so much for such a warm welcome.I have read a lot about SFH Investing and I believe it suits my personal finance and budget scenario.However, I would love to get your perspective on Multi-family homes and learn how I can use it to my advantage.

Hello Biggerpockets community I need your helpAfter Repair Value- 389,000 Seller is Asking Price- 319,000(I'm going to try to negotiate 272,000)Rehab Budget- (controlled budget) 50,000My Maximum Allowable Offer 241,750My question is what would be the best way to structure this deal?

Hello Biggerpockets community I need your helpAfter Repair Value- 389,000 Seller is Asking Price- 319,000(I'm going to try to negotiate 272,000)Rehab Budget- (controlled budget) 50,000My Maximum Allowable Offer 241,750My question is what would be the best way to structure this deal?

I would budget for 5% of cash flow being taxed.  

Realistic budget with a down payment of 15-20% is 150k or less, this puts us out on flipping in nicer neighborhoods because we haven't found a lender that would meet that range. 

im just evaluation my monthly budget for running my business and i was wondering if my insurance should be shopped around...how would you insure 5 properties? 

Of course, a new foundation with the proper drainage tiles and pumps all sealed tight would be great but not on your budget.

I want to find a fixer upper for ~$250- $300k and have an "All in Budget" of about $450k.