It's a hot market and that will be your first big challenge.Once you have your first property under contract, that's when you can start putting together financing details.

having a difficult time using both the brrrr and fix and flip calculator because i intend to live in the property for 1 year so not a rehab. these calculators seem to assume i won't live in the property. based on the factors below, i'm hoping someone can poke holes.arv=270krepair=my father who is a general contractor is overestimating at 35k (it's definitely livable, but there's opportunity to upgrade/update such as the roof, floors, cabinets). i'd live there for a year and plan to either flip or rent after the year.annual expected property tax=$7.5klisted price is around $235k ($/sq ft is below comp average)comps within the past year for similar properties around $260-$280kpreferred profit (not too sure about this) but $20k is a target...i guess.estimated rental based on recent is $1.8-1.85k/monthi was thinking about offering $210k max, but the calculators recommended an estimated purchase offer between $160-$175k, which seems extremely low given the livable condition.what am i calculating wrong here? 

I would be happy to speak with you in more detail if you would like.

I might be able to give you some more feedback with more details to go off of. 

He told me and I am sharing with you so this is clearly hearsay and I am sure I have left some details out so it is just an idea. 

That is their estimate of what it would cost to rebuild with the same kind and quality. 

@Jessica Tomlinson  I've sent you a private message to get a little more detail. 

That should stifle his desire to try and fight this.Put in the letter that cashing the check constitutes his agreement with your repair estimate.

I am an international investor making my first investment in upstate NY.I need help from an accountant that is familiar with international investors.Happy to share additional details if required, let me know.Thanks!

If you keep on investing everything you make, you will short on cash to pay estimated tax each quarter.