If you ever think repairs are needed, get a free estimate.

Honestly I was worried about this but now being a lender I realize we compete for your business so you just have to shop around to find someone who can make it work for you, just worry about estimating 25% of gross rent goes to expenses outside of PITI and you will be similar to what traditional lenders calculate.

This was an AirBNB guest so I turn it in with pics and a written estimate.

Some rough estimates: Purchase for $200k-225k Rehab:$75k -$100K ARV:$350k-$400k. 

With the sale of a flip in 2020, I owed a decent tax liability and also pay quarterly estimated taxes which probably won't cover the sale this year.  

I'm most apprehensive of managing the rehab aspect from a distance and making sure the estimated costs are correct, and would really feel a lot more comfortable having a local person oversee the project.

If I am in the middle of a brrrr and spend 15k on 2 new boilers and 2 new heaters how much will I be able to recoup in the refinance ( estimated)?

I only have rough #s, but believe it would look like the following.Property in question:8 unit multifamily (Units are 2 bed/1 bath, built in 1992)Asking price : $1,150,000Annual taxes: $6,860Mortgage estimate : $4900/monthRents: unsure but likely approx. $1000/unitAfter PITI, prop. management/vacancy/ expense savings I am seeing cash flow of $1200/month.Financing:Down payment: 25% via cash out refi my duplex (it has appreciated alot)Remainder will be financed.The conundrum:Duplex currently cashflows at $800 (after prop. management, vacancy, save for expenses, etc).

I have a contract on a duplex for 160k repair estimate of 10k (mainly cosmetic) ARV of 230k.Hard money lenders quoting around 2 points, 11% for 12 months.Traditional 25% down 4% APR. 

Anything from finding leads and buyers, finances and repair cost estimates and all that, and communication.