If I look at it as just financial freedom then you may be in it for the wrong reason.

Or am I just looking in all the wrong spots?

If everyone is telling you it's 10K you got your number wrong, it's not up to your contractor to work for free so you can make a profit. 

I could be wrong but I never heard value being a consideration.

The city didn't tell me what's wrong with my plumbing but all they tell me is to call a plumber.

sorry this was posted in the wrong forum smh...

Wrong forum category?

@Michael Fanoni I understand the reason behind it, I just want to warn you with the risks, there's nothing wrong with helping people out, and you need to do what you need to do.

So I'm thinking of using a hard money lender and I figured out the following: If I purchase a home for $100,000 (just for round numbers) I'd have to sell this home for approximately $147,000 in order to make a profit, pre-tax of $10,000.Now I'm assuming the following: 5 months from purchase to sale$100,000 purchase price$15,000 rehab costs$3,990 points$5,400 monthly interest-only payments$6,500 approximate closing costs on both ends of the transactionThis comes out to $130,890 but I'm assuming I would have commissions to pay as well.Please tell me where I'm going wrong, if I am.

ok but what could go wrong that I would need to know about?