I want to do an installment sale contract because they all need septics, which have to be done within 6 months of the sale, estimated at $150,000 including surveying, engineering and permits.

You input your estimated cost of replacement.

On the other hand, are the Indianapolis seasons so severe that perhaps a lot of maintenance comes up that I am unaware of, and that these are in fact low estimates?

@Tina Rubin as an occasional lender myself, I think the second option (new deal/property) sounds a little cleaner and more of the traditional lending scenario - if I’m understanding you correctly.Just make sure you have a good understanding of the higher rate you’ll be paying to the HML and make sure you can still make your numbers work with that higher payment amount.A hard money lender’s main concerns will be the value of the collateral relative to the loan amount (LTV), and whether your estimate of the project cost is accurate.The HML will definitely want you to bring a substantial amount to the table as a down payment to keep their LTV low (65-70% is common), so if you need to refi your current property to get those funds then that might be something you’ll need to look into.If it was me I’d probably stick with a traditional fixed loan on the first property and start out with a private/hard money loan on the second, until it’s rehabbed and stabilized, and then refi out with another bank loan.

If so, estimated cost of construction

Estimated cost of construction- $75k/unitOnce permits are approved, we estimate the first model to be done in 2 months.

For our clients with rental properties, I would estimate that about two-thirds own and run them personally and the other third have each entity under its own LLC.”

Get an estimate over the phone and don't use that GC again.

So was using the Sothern California Edison Port estimator tool for Multi-family dwellings and it wants to know what ratio of Chargers to Tenant vehicles so will use 1 as each would want their own.

I really enjoy listening to Real Estate Rookie Podcast, recently finished Scott and Mindy's book on first time home buying, and currently reading Craig Curelop's book on Housing Hacking, then I'll be moving onto the book on estimating rehab cost.Trying to keep this post brief, but I can talk all day I've never met a stranger.