My biggest struggle so far is coming up with rehab estimates.

I am trying to lower the cost in the "Services you can shop for" section of the loan estimate.

My current estimate is on average, the homes would sell for $100,000.

The mortgage would be 300 with an estimated value on the house at around 550 so we would have a lot of equity.

I brought in 2 GCs for estimates before the offer and it would have made a small profit - around $25,000.

As a roofing contractor, if I need to quickly give a rough price estimate a good rule of thumb is 1/3 materials, 1/3 labor and 1/3 profit.

If I need to get my license and wait a year to form my own brokerage/LLC, then I am willing to do that.I have estimated the expenses to be between $800 and $1,000 for the licensing, the education course, and exam(s) [might do FL, AL, GA and/or TN for license].

I dont have an accurate rehab estimate (had two contractors see the property and one gave a blanket estimate of $150K). 

The calculation of net realizable value is based on several estimates which may ultimately vary materially from actual results, including our estimate of the price at which we expect sell each home in inventory and the associated expected costs to sell those homes."

I paid 90k in May 2020 and current value is estimated at 150k.