That is spent chatting with guests at the house, getting updates from cleaners etc.

Hello All, sorry it has taken so long to update this thread. 

Just this week (week of Dec 9th) it looks like they have updated the app to go back to the way it was before so now FSBO homes can be viewed alongside Agent Listed homes.

They are provided with contracts to use which are developed and vetted by real estate lawyers within each state and updated regularly to stay current with changing laws. 

., kitchen and bath updates)Heavy Rehab: $60-$85 per sq. ft.

I tried to post an "update" to my original post, but looks like I don't know how to use this feature.PPS.

A moderate 80s update in Houston may not match Indy, so leaning on someone who knows the local buyer pool can save a lot of back and forth.All the best,Johnny

.: Cannot go back…but here are some things I wished I had known about sooner.I wished I had realized I could have gotten bank lending even without a regular W2 job.Understood DSCR better sooner.I wish there was a couple of houses I had not bought.There are some houses I wish I had not sold.Just all basic stuff that a person can’t go back in time machine and change.As time goes on, I probably would update this list several years out.

Unused contingency funds, unless they were received directly from the borrower, must be used to reduce the outstanding balance of the renovation mortgage after all of the renovation work has been completed and the certification of completion has been obtained.The loan is not re-amortized.Draw Schedule:The HomeStyle program has a maximum 4 draw process.The initial draw can be up to 50% of the total project and can be for materials for the project.The final draw will be at least 10% of the total project as retainage and funds will be released upon receipt and approval of final inspection, Certificate of Completion from Appraiser, signed All Bills Paid Affidavits and Lien Waivers.Additional Draw Information:Ø Signed Draw Request by borrower and contractorØ Signed All Bills Paid AffidavitØ GMG review and approve the draw request and will release funds for disbursementØ A check will be issued in the name of the borrower and contractor and delivered to borrower via USPSØ An inspection of work to date will be performed at 50% completeFinal Draw Information:Ø Signed Draw RequestØ Final inspection/Completion Certificate will be required for release of final fundsØ A Title Update showing property free from lien or encumbranceØ General Contractor’s Lien Waiver AffidavitØ Affidavit of Completion GR will review and approve the draw request and will release a check in the name of the borrower and contractor.Change Orders and Cost Overruns:Changes to the initial plan are not permitted unless prior approval by Guaranteed Rate.

I got good at estimating renovation costs by making an initial estimate based on photos/walkthrough, drawing up a model like you see here, then once the project is finished, go to accounting, get the actual expense report for that property, and update the model.