We are expanding some of our construction projects in the Mercer County area and are looking for more General Contractors that can handle turning around dilapidated single and multifamily property.

I can't tell you how many times we've gone after a deal, seen someone pay FAR more than we were willing to, and then receive an offering for it with much more aggressive projections that I'd ever be comfortable with. 

On a personal level, I would still keep it separate for my own calculations and analysis.

@Sean Jany A couple things jump out to me looking at it: 1) your closing costs seem low, 2) the monthly projected income seems off compared to the property description, are you running your numbers based on it being fully rented out (even though you'll live in one unit)?

She would serve as my agent in the acquisition, project manager for the rehab and then pass me off to marketing for getting a tenant in.

Someone who has handyman skills and who could do rehab/handyman work, a little project management and GC type work as well under my general supervision.

I maybe shot myself in the foot with explaining my rental price analysis and tried to have open conversations about this?

Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects. 

I was planning to budget the renovation at 35k capping the whole project at 100k.

It is obviously difficult to put together an analysis without knowing costs, or even how to find someone who would know.