But with our market and projected rental rates compared to our mortgage (with 2.99%) we decided the purchase price for a new primary would be more costly down the road than another rental. 

Once you have both the rehab cost and ARV figures, input them into the calculator.

Ir willl cost 1.5 to build it all.  

It may cost a bit but it will avoid headaches and gray areas. 

Whatever it's going to cost me to get done correctly plus the time and inconvenience  - that's how much I'm subtracting out. 

Multifamily homes often require more maintenance, so factor in potential repair costs when evaluating a property.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Or course that has a cost and its an ongoing project.Redfin was our real estate agents. 

@Viral Mehta While self-management is definitely feasible, it does come with its own set of challenges, especially when managing from an international location with significant time differences like India.You’ve outlined the major tasks well, but there are a few additional considerations:Vendor Relationships: As a property manager in the Dallas-Fort Worth area, I can confirm that having established relationships with local vendors can significantly impact both the cost and quality of maintenance services.

@Eliott EliasDo these loans cover down payments and closing costs?