Hey @Jai Reddy, Check with Rockford Steele at Stout Lending.

Quick #’s- Lot 200k- Build Cost 350k (lots of sweat equity)- All in 550k- ARV 725k- Rent $4100Option 1 - Leave your DP inCF $1,100Cash on Cash ROI - 8%Option 2 - Refinance Take out all your cash and get extra 35kCF $450Two pretty great options.... we start construction on our first two in April... stay tuned for updates... if you want in on the next ones let us know, we may be looking for JVs to keep it going...

Initially I thought that the rehab would be much lighter than what it turned out to be.Unit #1: Trim throughout, doors, luxury vinyl plank + tile in the bathroom, new vanity & toilet, paint, granite counter tops, new cabinets & sink, stainless steel appliances, and updated fixtures. 

If the home’s pipes are galvanized steel, there's a good chance that scaly minerals in the water have built up inside the pipes.

You can also replace the hardware on the cabinets to match the sink and stainless steel appliances. 

v=w3vtpGtyw1kback in my days of a JOB we were commissioned to design an automated storage & retrieval system for 70 ton steel coils.

The inspector is suggesting the steel plate is not holding up the blocks, which is what it looks like to me as well.

I went in and repaired the property and did the following updates: - All new flooring throughout entire house- New stainless steel kitchen appliances- New Paint on both interior, exterior, and basement- Updated landscaping- Minor roof repairsThe property appraised for a little under than what I expected, but I gained a few insights from the initial BRRRR.

Additionally it is very common for electrical needing to be upgraded from knob and tube or plumbing being cast iron that is splitting or steel pipes that need replacement.

Currently looking at hard money buying a property doing the bare minimum painting in and outside, flooring, new cabinets, stainless steel appliances and some landscape.