Took the bid, after verifying references and State Contractor's Board records.Done deal and excellent workmanship too. 

@William Hochstedler @Christian Brodin Excellent post.

Typically we do not change the city of Milwaukee SOW numbers.Majority of the time investors perform renovation little lower than city of Milwaukee numbers.Example: City of Milw SOW estimate $17,000                 Client completes renovations for $15,734Most importantly investor should calculate permits need and your time for renovations.The current list is more geared towards local investor or excellent boot on ground team.

You have received some excellent advice my 2 cents follows. 

Last but not least, BP forums offer an excellent platform to connect with the local members and ask questions.Good luck!

@Joshua Dorkin @Mindy Jensen This is a great direction to go with increasing BP's effectiveness as a networking resource, but I think there is even more potential to be tapped here.BP does an excellent job in facilitating rapid, personal growth of your real estate networks by letting you connect with others in your geographic location, market segment or area of interest.

If the ROI is excellent give a closer look.  

I've got some excel spread sheets you're more than welcome to use for buy and hold and buy and rent options...just email me at [email protected]

I have managed to negotiate an great price on a piece of property that has excellent Development Opportunities. 

+PGI-Vacancy=EGIOperating Expenses:-Insurance-RE Taxes-Prperty Management-Utilities-Other Operating expenseNOI = EGI - Operating ExpensesMortgage Payments:-Principal-InterestCF after Debt ServiceCapEx-Capital ExpendituresCF after CapEx-Purchase/+Sale+Financing/-Paydown of remaining balance upon saleNet Cash FlowCalculate your returns off of Net Cash flow.Returns:Levered CoC: Year X CF/Equity InvestedROI: Equity Invested/Total CF Distributions, including saleIRR: Use excel function to calculate (=IRR(equityinvested, Year 1 CF, Year 2 CF, etc.)Compare return metrics to other investment opportunities and pursue accordingly.