With a new build you should be able to lock in your budget without surprises, unlock a remodel you can't be 100% of unexpected repair that will eat up your profit until you tear into it.The only way it would be a deal is if your cost of hard or private money is more than 50% of your profit. 

I'm sorry that I temporarily accidently hijacked any portion of this thread.

And now that you mention it I feel like I'm a vaguely similar situation in that I'm mid remodel one place, somewhat unexpectedly in escrow on another place, and meanwhile my wife really really wants me to finish a bathroom remodel/repair so she can have her shower back. 

Taking an unexpected hit like that really hurts the bank!

Even though the end result will be very good for everyone i would just hate to put them in a bind by taking any extra funds they have if they have an unexpected purchase come up.

I'm totally new to RE. 2 Months ago bought my house by complete accident and love it.

I starting getting calls from my first yellow letter send out.Set up my first meetings in a couple of days.Very nervous to say the least.The first phone call I got I answered by accident and fumbled my words like a little kid.I've been doing research on the first few properties I;m going to meet the homeowners at the problem is there is no recently sold homes in the area for me to get an idea of a median price.One is a small 2bd/1bath the other is a 3bed/2bath.I'm in Worcester MA and the values of home drastically change a ittle down the road.Whats a new guy to do?

I have 6 total rental units:* 1 SFR in Pasadena, CA* 1 SFR in Barstow, CA* 2 SFR's in Mansfield, TX* 1 Duplex in South Gate, CA I'm interested in growing my portfolio by leveraging some of the equity from these properties....I basically own these properties almost by accident and just being "lucky"... so while I own 6 units of investment income, I don't feel I know very much and could be doing more to grow more quickly.

If you use your credit card for the rehab, what else would you have to fall back on for (un)expected expenses?

There will be unknowns and unexpected things that come up, but the more prepared for them you are the better off it will be when they do happen.