Obviously the lines have become more gray but this is a framework that helps new investors understand how the different types of lenders work and how it might affect the type of loan they can get. 

I am looking into my first deals and I am struggling with understanding the rehab and design costs and actual tactics.I understand that I do not have a background in construction and designing interiors, but surely there is a framework that I can apply to do this in a methodical way.

We had the entire framework of the deal put together and received the 1st contract for review and sign.

All the "duties" you refer to must be viewed within a broader framework of laws and regs.

This will give you  a much better frame work of how you need to invest, market and structure a business to get you from A to B.

Are you talking about outdoor electrical outlets that are attached to the framework of the houses? 

We just recently built an ADU from the ground up ~1100 sqft in Rosemead that cost us about $250k when all was said in done, this one requires a longer drawn out process such as soil tests, etc since you will be building framework from the ground up.

It's a perfect primer for you to get insight into general frameworks for all different types of rehab, and it also gives you cost ranges for each type of work. 

I do not believe Chelsea made a super duper killing, but she came out ahead and we all learned enough so that net profits in the future should be larger now that we know our limitations/parameters/etc of staying in "soft money" world with these deals, combined with what Shari's transactional end-lender's expect.The theoretical framework here is that if wholesalers can expand their marketing to include end-buyer owner occupants using Fannie/Freddie financing, that vastly wider pool of potential buyers should let them unload the property for much closer to full retail than if they can only sell to folks using hard money or all cash that aren't going to live there.

You basically put in your offer on the property and include that you need 20% seller financing with some framework of terms. i.e. 5 yr balloon, interest only at 6%.Basically, the seller would get their price but they would only get 80% of the cash at the closing.